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us apple developer accounts for sale:MAHB to slash capex to RM320m this year

appleaccounts2020-08-1863

Passengers lining up at the check-in counter at the KLIA departure hall during the RMCO on June 19. IZZRAFIQ ALIAS/ The Star. SEPANG: As the COVID-19 pandemic left the global aviation industry in dire straits, MALAYSIA AIRPORTS HOLDINGS BHD (MAHB) has implemented a cost optimisation plan where its capital expenditure (capex) has been reduced to RM320 million from RM1.8 billion set earlier. Group chief executive officer Datuk Mohd Shukrie Mohd Salleh said the plan will keep the airport operator stable for the next 18 months with a 20 per cent lower operating cost. He said MAHB is taking steps to reduce operating costs, including revising operating hours and deferring several major infrastructure projects, including the expansion of the Penang International Airport. "We are of the view that the RM320 million capex is critical for us to still push ahead with several other projects, including replacing our ageing aerotrain and baggage handling system, irrespective of the COVID-19. "In fact, this is probably the best time for us to replace those assets," he told a media briefing after MAHB's annual general meeting here today. Meanwhile, Mohd Shukrie said in order to maintain MAHB,

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