Maybank investment bank optimistic on MAHB financial outlook

 |Jan 31, 2017

Maybank

Maybank Investment Bank is optimistic over Malaysia Airports Holdings Bhd’s 2017 outlook and expects an eight per cent growth in air traffic.

The investment bank said MAHB’s Turkish airport, however, would endure slower traffic growth due to escalating domestic disturbances.

It noted that MAHB’s Malaysian airports traffic had resumed to normal and unit cost had declined in the third quarter of 2016 on scalability benefits.

“Malaysian carriers will deploy 17 aircraft in 2017. This is within the historical norm of 12-18 aircraft deployed per annum and sufficient for six to eight per cent traffic growth at the Malaysian airports,” it said in a note today.

Maybank Investment Bank said MAHB’s initiatives to improve its total airport experience and development of its land bank would benefit the airport operator over the long-term.

It maintained a “buy” call on MAHB.

In a separate statement, Himalaya Airlines announced the operation of direct scheduled flights to Kuala Lumpur beginning Feb 10 on the Kuala Lumpur/Kathmandu/Kuala Lumpur route, flying its A320-214.

The launching airfare for the Kuala Lumpur-Kathmandu-Kuala Lumpur flight  starts from RM928 for a round-trip and for Kathmandu-Kuala Lumpur-Kathmandu  NPR 25,375.

Himalaya Airlines, is a Nepal-China joint venture, established in August 2014.

The full service carrier, started its scheduled flights operations from May 31, 2016, flying directly to Doha, Qatar and to Colombo, Sri Lanka on Oct 1.– Bernama

 

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