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Robert

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  1. what caused it? Cant remember at all
  2. https://www.thestar.com.my/news/nation/2024/05/26/khazanah-epf-on-mahb-privatisation-and-future-benefits KUALA LUMPUR: The recent debates and opinions surrounding the privatisation of Malaysia Airports Holdings Bhd (MAHB) have captured significant public and industry attention. At the forefront of this initiative is the Gateway Development Alliance (GDA), a consortium which aims to leverage its collective expertise to enhance the nation’s airport infrastructure, ensuring long-term sustainable growth and improved services for passengers and airlines alike. As a key player in Malaysia’s airport network, MAHB's potential improvements under the consortium’s guidance promise substantial benefits. By prioritising maintenance, infrastructure upgrades, and enhanced connectivity, the GDA envisions a future where passengers will enjoy a superior travel experience and a wider range of destinations. Such enhancements are expected to boost passenger traffic and have a significant positive impact on Malaysia’s people and economy. To shed more light on the deal, we spoke with Khazanah Nasional managing director Datuk Amirul Feisal Wan Zahir and Employees Provident Fund (EPF) chief executive officer Ahmad Zulqarnain Onn, as the two major Malaysian entities will own a 70% stake in GDA. Through their perspectives, we aim to uncover how this venture is poised to benefit not just MAHB, but also the nation. The Need for Change 1. Can you explain why the need to do this deal and why now? Amirul Feisal: Malaysia has the potential to really boost its aviation connectivity, but currently, it’s not doing as well as it should. Before the pandemic hit, Malaysia’s inbound tourism growth in the past 10 years was only around 1.0% per annum, which was way behind our neighbours, who were growing at about 8.0% per year (this comparison excludes day-trippers). While we are well-served for short-haul segments compared to our neighbours Singapore and Bangkok, our long-haul flights seem to be lagging. Last year, Kuala Lumpur only had 22 long-haul routes, whereas Singapore and Thailand had 40 and 55, respectively. Our region is well positioned for long-term passenger growth; the International Air Transport Association (IATA) expects passenger growth of 4.5% compound annual growth rate (CAGR) in the next 20 years. However, we risk falling behind as other countries in the region have been investing aggressively to improve their airports. Regional peers have invested significantly larger amounts in the last five years (Thailand: RM6.6bil, Indonesia: RM12.0bil) than MAHB (RM1.4bil). There is an urgent need for MAHB to improve their services and invest to ensure that Malaysia too remains competitive as our regional peers are preparing for growth by investing in the gateways to their economic hubs. We have left it far way too long, and the country’s competitiveness is at stake. We need to improve connectivity, one of the key focus areas for Khazanah’s Malaysia Strategy for 2024. There’s no doubt that airports are super important for our economy; their connectedness helps promote more business, tourism and cargo. We need our airports to be regionally competitive to support existing airlines' operations and attract more airlines. To do this, we need to invest. Ahmad Zulqarnain: A consortium, backed by major investors and substantial funds, strengthened by the right skills and expertise, will help Malaysia compete in the region by supporting projects to improve our airports and improve the nation’s connectivity. At the same time, this is an attractive long-term investment, given the stable nature of the infrastructure asset, which generates consistent cash flows and the expected continued growth in the number of the travelling public, which aligns with the objectives of financial investors such as EPF. 2. What is the rationale for taking MAHB private? Amirul Feisal: By taking it private, we are streamlining the shareholding structure, which would make it easier for the four shareholders – Khazanah, EPF, Abu Dhabi Investment Authority (ADIA) and Global Infrastructure Partners (GIP) – to align our strategy and work closely with the government, which continues to hold the golden share. Strategic decisions can be made more efficiently and timely, even long-term investment decisions. This will assist the senior leadership in improving the business’s competitive position in the marketplace. Finding the Right Fit and Collective Expertise 3. Why aren’t Malaysian companies considered for the task instead of foreign entities? Amirul Feisal: The industry is such that nearly all the airports are already operated by MAHB. So, the Malaysian airport expertise is already within MAHB, which is doing a commendable job. However, an international technical partner who has the expertise and the drive to get things right can then work with management to implement international best practices. This would allow MAHB to further improve service levels. 4. Why are you allowing foreigners to own Malaysia’s strategic asset and how will national interest be protected? Amirul Feisal: There’s been talk going around that we are selling MAHB, but that’s just not true. In fact, Khazanah isn’t selling MAHB at all. We are actually planning to increase our stake from about 33% to 40%. Ahmad Zulqarnain: Together, Khazanah and EPF will boost our collective shares in MAHB from around 41% to 70% after this offer. International investors like ADIA and GIP are stepping in to replace short-term investors with long-term capital investors effectively, considering that foreign shareholding is already at 27%. This deal, in a way, brings our airports back firmly under Malaysian control once it’s delisted. Foreign shareholding in MAHB has gone up as high as 45% in 2018. Furthermore, Malaysian interests are well protected. The government will keep its special share and board representation in MAHB, and both the chairman and CEO will remain Malaysians. 5. Why was Global Infrastructure Partners (GIP) chosen, and what is the Abu Dhabi Investment Authority (ADIA) role? Amirul Feisal: This is a question that many out there are asking. Before I answer, please allow me to provide some context. Our consortium partners are ADIA and GIP, both of which formed a co-owned entity to join the consortium. Together, they will hold a 30 per cent partnership with Khazanah and EPF, meaning the Malaysian parties will have a 70% stake. Specifically, ADIA will have a 5% effective interest while GIP will have 25%. ADIA and GIP bring a lot of strengths to the table. With GIP, we went through a thorough review of potential technical partners, including top global airport operators. It is crucial that our partner has a strong track record of value creation, which goes beyond what current airport managers can achieve. While the MAHB team has indeed done a fantastic job bringing in new airlines and improving services, there is always room to do better. To my understanding, Edinburgh, Gatwick, Sydney, and London City Airport were operating at respectable levels even before GIP got involved. However, bringing in best practice airport management techniques have elevated the performance of these airports further. Another key point is that the choice of partners also needs to align with our objectives. We approached GIP and have been in talks for a while now because they have what we need, to be the most suitable choice. Importantly, GIP, just like most of private equity funds, will eventually exit after creating value. ADIA is one of the largest sovereign wealth funds in the world, adding significant financial muscle to our group. They have extensive experience with investing in and supporting the growth of airports, as they did with GIP at Gatwick Airport in the UK. Their involvement also shows that international investors have confidence in our country. ADIA is excited about the opportunity to invest in MAHB, which it sees as being supported by the economic growth in the region. They share a strategy with the other consortium members that focuses on long- term value creation. Ahmad Zulqarnain: When it comes to choosing who EPF works with, we always work with parties that have proven track records. We believe that GIP could bring innovative ideas and strategies to elevate the passenger experience. This would include improvement in passenger flows, enhanced food and beverage offerings, and more efficient security and immigration controls. And GIP has successfully delivered all these. With GIP’s expertise, we anticipate creating an unparalleled travel experience that meets the highest international standards. Edinburgh Airport is an illustrative example. Since GIP took over in 2012, passenger numbers have jumped from 9.2 million to 14.4 million in 2023, and more importantly, the number of destinations have increased by 141 to 225. Compare that to Glasgow Airport, which has seen passenger traffic increasing from 7.2 million to only 7.4 million during the same period. Its Sydney Airport saw decreased security wait times by more than 60% to 11 minutes. At Gatwick, GIP completed their train replacement (same model and track length as KLIA’s Aerotrain) within 10 months and increased passenger throughput from 220 to 550 passengers per hour. This allowed Gatwick to grow its passenger traffic by nine million more passengers since GIP took over, despite land constraints. This is key for the consortium because such expertise can make a significant impact to MAHB, especially since we’re competing with airports in Singapore, Bangkok, and Indonesia, each with its own strengths. The announced offer price is above MAHB’s all-time high. Addressing the Relationship 6. Who is BlackRock and what is GIP’s relationship with BlackRock? Amirul Feisal: BlackRock is currently the largest fund manager in the world, with a staggering US$10.5tri (US$1=RM4.71) assets under management. Their investments span across a wide array of assets. A significant portion of BlackRock’s portfolio is dedicated to passive, index-linked investments, which means they hold shares in nearly all publicly listed companies globally – this includes tech giants like Apple, Facebook, and Google. BlackRock funds have interest in Bursa Malaysia stocks that are worth around RM20.5 bil and about RM6.9 bil in both Malaysian government and corporate bonds. GIP, on the other hand, is an infrastructure fund. Essentially, they manage funds from various investors worldwide, much like other big names in the industry such as TPG, KKR, and Macquarie, to give a few examples. Recently, BlackRock expressed interest in boosting its own infrastructure fund capabilities by seeking to acquire GIP, acknowledging GIP’s expertise in the field. However, to the best of my knowledge, their deal has yet to be concluded. Regarding the Gateway Development Alliance, we would like to clarify that our direct consortium partners are ADIA and GIP, not BlackRock. 7. How will the rakyat and Malaysia benefit from this deal? Amirul Feisal: The consortium has plans to set MAHB up for long-term, sustainable growth. We are looking to focus on maintaining and upgrading airport infrastructure, boosting passenger service levels, and improving airline connectivity. This is all aimed at supporting an increase in passenger traffic and raising tourist numbers to come to Malaysia, which will have lasting positive impacts on the rakyat. Ahmad Zulqarnain: For customers, airlines, and passengers, this means a more enjoyable travel experience and seamless operations. Think about having more retail and dining options and more direct destinations to travel to or connect through. Moreover, the financial benefits could be significant with potential returns from this investment. Improving Overall Airport Operations, Employee and Customer Satisfaction 8. Will MAHB be going through rationalisation, including cost-cutting initiatives? How will this affect its employees? Amirul Feisal: This transaction is about preparing MAHB for the next level, rather than cutting costs. Hence, the priorities are centred on passenger-centric initiatives, such as enhancing air connectivity and the overall passenger experience. 9. Can you ensure there will be no layoffs at MAHB and will GIP have management control in MAHB? Amirul Feisal: We are dedicated to protecting the rights of MAHB’s current employees, and there are no plans for layoffs. As for the second part of your question, GIP won’t be directly appointing staff or secondees to manage MAHB. Instead, management will be jointly appointed by the consortium as a whole, and we will tap into GIP’s technical expertise when needed. Rest assured, the employment rights of MAHB’s existing employees are fully safeguarded, with no plans for layoffs. Staff would benefit from knowledge sharing with global experts. Amirul Feisal and Ahmad Zulqarnain acknowledge that as MAHB embarks on this journey under the backing of the GDA, the stakes are undeniably high, but so are the potential rewards. The strategic focus on enhancing infrastructure, improving connectivity, and delivering superior passenger experiences aligns with a broader vision of national growth and prosperity. The proposed privatisation of MAHB represents more than just making a change; it symbolises a key step towards realising a modernised, efficient, and globally competitive airport network. The urgency to act now reflects the need not to fall behind the rest of the region. As the nation watches closely, the collaborative efforts of the consortium and its stakeholders promise to pave the way for a brighter, more connected future for Malaysia’s aviation sector. With the groundwork laid and strategic plans in motion, the next chapter for MAHB and the entire Malaysian aviation industry holds great promise, fueled by a shared vision of excellence and innovation. – Bernama
  3. haha So this means that they are returning to KUL
  4. FIREFLY ADDS KUALA LUMPUR – NANJING SERVICE FROM LATE-JUNE 2024 Published at 0800GMT 24MAY24 Firefly from late-June 2024 plans to add new service to Mainland China, based on schedule listing that lists Kuala Lumpur – Nanjing route, on board Boeing 737-800 aircraft. From 20JUN24, service operates 2 weekly, increasing to 3 weekly from 29JUN24. FY3842 KUL1740 – 2315NKG 738 246 FY3843 NKG0015 – 0545KUL 738 357
  5. Yes I was quite surprised at the language used hence my other post. They have always been a pain and I remember them dragging their heals over open sky discussions many years ago. Another point they made is that the USA has a relatively small number of international entry points and uses a hub and spoke model. Hopefully Malaysia doesn't get any funny ideas.
  6. Last seeking I was reading this artificial which mentioned that mentioned that hopes for resumption of flights between Kuching and Pontianak may have been dashed buy the recent design to revoke the international status of 17/34 international airports. https://www.nst.com.my/opinion/columnists/2024/05/1052090/case-indonesia-resume-kuching-pontianak-flights 29 April Indonesian Government Revokes Status of 17 International Airports, What’s Up? https://asiatoday.id/read/indonesian-government-revokes-status-of-17-international-airports-whats-up ASIATODAY.ID, JAKARTA – The Ministry of Transportation of the Republic of Indonesia has revoked the status of 17 international airports to become domestic airports. This is stated in the Decree of the Minister of Transportation of the Republic of Indonesia Number KM 31 of 2024 concerning the Designation of International Airports and the Decree of the Minister of Transportation of the Republic of Indonesia Number KM 33 of 2024 concerning the Arrangement of National Airports. This decision was welcomed positively by PT Angkasa Pura Indonesia (InJourney Airports). InJourney Airports President Director Faik Fahmi said that the enactment of the Minister of Transportation’s Decree was in line with InJourney Airports’ transformation program regarding the process of structuring Indonesian airports. With the aim of building more efficient and effective air connectivity, to encourage tourism and economic growth through better management of the aviation ecosystem including airports. Before the issuance of Decree of the Minister of Transportation of the Republic of Indonesia Number KM 31 of 2024, 31 InJourney Airports had international status in Indonesia. “In fact, there are many airports with international status but there have been no international flights for a long time, or there are international flights but only 2-3 times a week,” said Faik Fahmi, Monday, April 29 2024. “This has become inefficient and many of the facilities in the international terminal which are prepared according to regulatory standards are being used in a limited way. They have even been idle for too long, such as x-ray facilities, waiting rooms in the terminal, and so on. Therefore, the government needs to reorganize them,” he added. Through the ongoing airport transformation process, which began with the merger of PT Angkasa Pura I and PT Angkasa Pura II, InJourney Airports will implement a regionalization pattern at the 37 airports it manages. With the concept of regionalization, some airports are positioned as HUBs and some as SPOKE. In the future, an airport that no longer has international status does not mean it will be difficult for international passengers/tourists to access. However, with the HUB and SPOKE pattern, good connectivity can be built from hub airports to all regions of Indonesia. “This pattern is best practice in the global aviation industry and is generally accepted in many countries and has proven to be more effective,” said Faik. The United States is an example Faik gave the example of the United States which has around 2,000 airports, only 18 of its airports have international status/point of entry for international flights to the United States. International passenger access to and from the US is through these 18 airports, which are then designed to be easily connected to other airports. non-international ones. As an illustration, previously InJourney Airports managed 37 airports with 31 airports with international status and 6 airports with domestic status. Of the 31 airports that have international status, after the publication of KM 31 of 2024, 16 airports have international status and 15 InJourney Airports have domestic status. 16 Airports with International Status In detail, Faik explained, 16 airports currently managed have been designated as having international status, including, Aceh’s Sultan Iskandar Muda Airport, Deli Serdang’s Kualanamu Airport, Padang’s Minangkabau Airport, Pekanbaru’s Sultan Syarif Kasim II Airport, Batam’s Hang Nadim Airport, Tangerang’s Soekarno Hatta Airport, Jakarta’s Halim Perdanakusuma Airport, and Kertajati Majalengka Airport. Next are Yogyakarta Kulon Progo International Airport, Juanda Airport Surabaya, I Gusti Ngurah Rai Airport Bali, Zainuddin Abdul Madjid Airport Lombok, SAMS Sepinggan Airport Balikpapan, Sultan Hasanuddin Airport Makassar, Sam Ratulangi Airport Manado, and Sentani Airport Jayapura. “Through the implementation of the Ministry of Transportation’s regulations, we are optimistic that the national airport structure will become better and will also have positive implications for air connectivity and tourism in Indonesia,” said Faik. 17 Airports That Are Going Domestic: 1. Maimun Saleh Airport, Sabang 2. Sisingamaraja XII Airport, Silangit 3. Raja Haji Fisabilillah Airport, Tanjung Pinang 4. Sultan Mahmud Badaruddin II Airport, Palembang 5. Raden Inten II Airport, Lampung 6. H.A.S Hanandjoeddin Tanjung Pandan Airport 7. Husein Sastranegara Airport, Bandung 8. Adi Sutjipto Airport, Yogyakarta 9. General Ahmad Yani airport, Semarang 10. Adi Soemarno Airport, Solo 11. Banyuwangi Airport, Banyuwangi 12. Supadio Airport, Pontianak 13. Juwata Airport, Tarakan 14. Syamsuddin Noor Airport, Banjarmasin 15. El Tari Airport, Kupang 16. Pattimura Airport, Ambon 17. Frans Kaiseipo Airport, Biak. (ATN) ------------------------------------------------------------------------------- I've read elsewhere that some tourism people are very unhappy because many will need to transit via Jakarta and will often need to change airline and terminals which is a headache, especially for those wanting to visit Lake Toba.
  7. In my industry (Banking/Finance Tech) if you screw up badly and cost the firm money then you are 99% sure to be fired or a best managed out over a few months.
  8. 9M-MTF (A333) finally returned to service on 17 May and be been sent to Sydney and Medina Prior to this it was last used on 31 Dec. Anyone know why it was AOG for so long?
  9. Thats when they say that they need a new bigger airport in a new location
  10. Yes the number of egates is very small and the old foreigner ones are not used to my knowledge. KLIA needs rotor move with the times. Singapore will allow all visitors to use them, to excite by end of the year. Bali has gates that will work if you get the e-visa (for non asian), BKK will have exit gates soon as well. One thing that needs to change is the concept go registering with the manual counter first. You should be able to complete the MDAC and then use the gates.
  11. Earlier this month it seems that the PM rebuked the Immigration Dept over tourist entry congestion. https://www.thestar.com.my/news/nation/2024/05/02/pm-rebukes-immigration-dept-over-tourist-entry-congestion Yesterday it was announced that 36 more construes can use the auto-gates from 1st June https://www.thestar.com.my/news/nation/2024/05/17/more-can-use-autogate Facilities expanded to Chinese and other nationals PUTRAJAYA: China, which is among the top five nations when it comes to tourist arrivals in Malaysia, is on a list of 36 additional countries whose citizens will be allowed to use the autogate facility for immigration clearance beginning June 1. “This move is expected to not only ensure faster and smoother clearance at our entry points, but will also help boost tourism,” said Home Minister Datuk Seri Saifuddin Nasution Ismail. Other countries on the list include Taiwan, Hong Kong, Bahrain, United Arab Emirates, Kuwait, Jordan, Oman, Qatar, Canada and European Union countries. Currently, travellers from 10 countries – Australia, Brunei, Germany, Japan, South Korea, New Zealand, Saudi Arabia, Singapore, the United States and United Kingdom have the option to use Malaysia’s automated entry system or autogate. Speaking to reporters yesterday, Saifuddin Nasution gave his assurance that the country’s security would not be affected by this move. “I must emphasise that the use of autogates by foreign travellers will not affect our security as information about them will still be captured and recorded,” he said. The move, he said, was meant to minimise congestion and waiting time for immigration clearance. Saifuddin Nasution said measures to ease the long queues and waiting time at immigration counters had to be taken as the number of arrivals was on the rise. He pointed to the 40 million who had entered Malaysia between Jan 1 last year and April this year. From the figure, 30.5 million entered the country via KLIA Terminal 1 and 2, as well as the entry points in Johor Baru. To a question, Saifuddin Nasution said his ministry would not be seeking a reciprocal move from these countries for now. “Our focus now is to ensure those arriving in Malaysia experience a smooth immigration clearance process. We will consider later in the future if we want reciprocity,” he said. The Home Ministry would discuss with the Transport Ministry on the need for airport authorities to put up signs informing travellers of this facility. He said airlines would also be asked to inform their passengers of this latest service. Saifuddin Nasution added that members of the diplomatic corps as well as their families would also be allowed to use the autogate facility, and his ministry was working with Wisma Putra on the matter. “This is important as next year, Malaysia will be the chair of Asean. There will be a lot of meetings to be attended by not just leaders but also government officials. “We want to see how we can (make it easier for) them,” he said. Saifuddin Nasution said the ministry was also looking for ways to ease congestion at land checkpoints in Johor, namely the Bangunan Sultan Iskandar (BSI) and Second Link Kompleks Sultan Abu Bakar in Gelang Patah. Several initiatives have been identified, including the use of a quick response (QR) code Immigration Clearance System, he said. Malaysian Association of Tour and Travel Agents (MATTA) president Nigel Wong, when contacted for his views about the government’s latest move, said: “This will not only improve efficiency at entry points but also elevate the image of Malaysia as an accessible, friendly and attractive tourist destination.” It would add to Malaysia’s appeal as a tourist attraction especially in the lead-up to Visit Malaysia 2026, he said. “Ease of travel is high on the list of priorities for most travellers. Both business and leisure travel will benefit greatly from this facility,” he said.
  12. was also playing around with google earth and flipped a copy T1 to show what the it could look like if they didn't scrap the original plan. Can see from this how the road encroaches.
  13. Saw this on the TMAF FB group that is topical. https://buildex.my/klia-satellite-building-2/ https://www.facebook.com/buildex.my It's disappointing that the plan and provision for a mirror terminal/satellites will be lost when they build on it although I supposed if needed they could knock it all down. Perhaps they have decided that that KLIA will never reach the traffic levels required to justify the size. Was interesting to note that the road connectioon seems to be from the side and that the existing road (and railway encroaches on the space reserved for the terminal. In the one the pics there is a quote regarding the 2nd satellite saying that KLIA will only be able to cope with the existing number of passengers untill 2020
  14. Came back from Singapore a weeks ago on an evening flight and we parked at C6 which was quite unusual. When to take the BMW and MH guy in a poorly fitted uniform was terrible. Just ignored everybody and then told us to take the bus because the call would take 10 mins. I asked why wasn't it called when the lady at the entrance near the aerotrain radioed he couldn't answer. Several unhappy people on the bus were calling MH a scam and fraud company. Back in March I arrived from BKK with MH at about 23:40 (late as usual) and there were no parking stands available. 20 min wait and one was found at satellite terminal. Excuse was that Malindo were late leaving.
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