Malaysia Airports has come a long way since its incorporation in 1992 when it was corporatised as Malaysia Airports Berhad from its previous standing as a state-run airport operator. In 1999, Malaysia Airports Holdings Berhad was incorporated as a public limited company and listed on the Malaysian Stock Exchange (Bursa Malaysia), becoming the first Asian airport operator to go public and only the sixth in the world to do so.
Today, Malaysia Airports is one of the largest airport operator groups in the world—in terms of number of passengers handled—managing 39 airports across Malaysia (with five international airports, 16 domestic and 18 STOLports) as well as one international airport in Turkey.
Our core business is the management, operation, maintenance and development of airports. Malaysia Airports draws its revenue from aeronautical operations–aircraft landing and parking fees, passenger service charges and other airline charges–and commercial activities from airport-related services such as duty free shops and other retail outlets, hotel operations and commercial leasing.
Over the past several decades, we have developed a business model that focuses not only on the airport business, but also on optimising the commercial and growth opportunities presented by the travel and aviation industry. As we move forward, our vision is to be the global leader in creating airport cities–ensuring sustainable growth by capitalising on the development opportunities presented through the availability of the vast land bank surrounding KL International Airport (KLIA).
The diversification of Malaysia Airports’ business activities has not only allowed us to keep aviation charges at a competitive level, but also to maintain robust returns to our shareholders. Moreover, the model has allowed us to cross-subsidise the vital, but less lucrative operations of our smaller landing strips and airports where rural communities depend on air transport to connect with the closest townships or cities, especially in Sabah and Sarawak. Malaysia Airports sees the continuing operation of these remote airbases as a crucial part of its responsibility as a worthy corporate citizen.
In 2016, Malaysia Airports formally launched its five-year business plan ‘Runway to Success 2020’ (RtS2020) guided by our vision of becoming ‘The Global Leader in Creating Airport Cities’. The RtS2020 business plan encapsulates our business goals and our vision for the future. It sets out how we intend to create a sustainable business that delivers growth and allow us to capitalise on future opportunities, providing a firm financial base from which to expand and make further investments.
Establishing KLIA as a preferred ASEAN Hub with increased connectivity and seamless transfers
Total Airport Experience
Creating an innovative airport experience and embedding a customer-centric culture
Stimulating economic activities through logistics, aerospace and leisure segments through the airport city development
Increasing international footprint and exporting core airport capabilities