Malaysia’s SkyPark Subang aviation hub will be expanded at a cost of almost $67 million with the aim of attracting more FBOs and maintenance, repair and overhaul companies. The bulk of the redevelopment budget (around $48 million) will go toward building a new terminal at the site of Kuala Lumpur Sultan Abdul Aziz Shah Airport’s mothballed Terminal 2, which will be demolished.
Tourism in Malaysia
AirAsia X, long-haul subsidiary of Malaysia’s AirAsia, the largest Asian budget carrier, plans to withdraw 11 weekly services to Mumbai and Delhi in India and 10 weeklies to its only European destinations—Paris and London—from its Kuala Lumpur hub.
Asian air transport rebel Tony Fernandes, chief executive of low-cost pioneer AirAsia, will soon join the industry establishment, assuming his planned acquisition of a 20.5-percent stake in failing flag carrier Malaysian Airline System (MAS) proceeds. Last week, his Tune Group agreed to become a significant minority shareholder in MAS in return for Malaysia’s sovereign wealth fund Khazanah Nasional taking a 10-percent holding in AirAsia.