GIP is convinced of the potential of both MAHB and Malaysia and believes that GDA can grow MAHB through initiatives that will enhance the passenger experience, increase airline connectivity and upgrade airport infrastructure. — Picture by Hari AnggaraKUALA LUMPUR, June 21 — Considerable discussion has surrounded the involvement of Global Infrastructure Partners in Gateway Development Alliance , a company that announced an offer to acquire Malaysia Airports Holdings Bhd on May 15.
At GIP, we seek to invest in large infrastructure assets across the globe that provide essential services and support economic growth. MAHB has excellent prospects to regain its market position and to improve its network connections, which have underperformed in recent years.
To directly address the point regarding our experience operating a network of aviation assets, GIP acquired a stake in Signature Aviation in 2021 which owns and operates over 200 private aviation facilities in 27 countries, making it the largest fixed base operator network in the world. In addition, although we will only be a minority shareholder, we expect to play the role of a technical partner in GDA and bring MAHB as much operational support and assistance as it needs.
To address the ratings topic, Skytrax and other online aviation publications and surveys are generally subjective, and it is unclear to us how accurate, comprehensive or consistent the underlying data is. We focus on customer service and operational statistics that are published in agreement with each relevant regulatory authority at our airports.
We look forward to working with MAHB’s management and staff, our partners, and government stakeholders to further improve in a meaningful way the service standards, reliability and technology at MAHB’s airports.As it relates to the offer for MAHB, if it is successful, our Malaysian partners will collectively own an effective 70 per cent stake in MAHB, and GIP and ADIA will collectively own the other 30 per cent through GIP Aurea Pte Ltd.
Away from KLIA, we are very excited by the opportunities across the main regional airports such as Penang, Langkawi, Kuching and Kota Kinabalu, plus Sabiha Gokcen in Istanbul. These airports are in wonderful destinations and are massively underserved currently by international flights. We really want to boost the number of flights and investment at these locations to attract more tourism.
Not at all. In many countries, including several in Europe, Latin America, Australasia, India, Brazil, Philippines and Turkey, airports are commonly owned and operated by private companies and welcome investment from around the world.
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