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by NURNABIHAH DINI
THE sovereign wealth fund Khazanah Nasional Bhd has welcomed the Public Accounts Committee’s (PAC) recommendations on Malaysia Airports Holdings Bhd (MAHB), saying they are broadly aligned with ongoing efforts to strengthen governance, operational performance and Malaysia’s airport ecosystem.
In a statement yesterday, the sovereign wealth fund said the recommendations reinforce the objectives behind MAHB’s privatisation, which was aimed at strengthening Malaysia’s aviation sector by improving connectivity, enhancing passenger experience and reinforcing the competitiveness of the country’s airports.
Khazanah said several of the PAC’s recommendations are already being implemented or reinforced by MAHB and other stakeholders, particularly in areas such as operational performance, stakeholder engagement, governance oversight and service quality across the country’s airport network.
The fund also supported the PAC’s call for closer collaboration among airport operators, airlines, regulators and government agencies, saying stronger coordination is essential to ensure airport development remains responsive to operational requirements, passenger needs and Malaysia’s long-term connectivity ambitions.
Khazanah managing director Datuk Amirul Feisal Wan Zahir said taking MAHB private was intended to create the conditions for long-term transformation through sustained investment, operational excellence and continuous improvement across Malaysia’s airport network..
“Stronger airports and connectivity are critical enablers of trade, investment, tourism and business activity, and play an important role in strengthening Malaysia’s economic competitiveness in an increasingly competitive region,” he said in a statement.
He said stronger airports and connectivity are critical enablers of trade, investment, tourism and business activity, while playing an important role in strengthening Malaysia’s economic competitiveness in an increasingly competitive regional aviation market.
Amirul Feisal acknowledged that transforming the airport operator would take time but said Khazanah was encouraged by MAHB’s commitment to learn from global best practices and leverage international expertise while pursuing continuous improvement with discipline and consistency.
“We are already seeing improvements in the passenger experience, but delivering the broader economic benefits will require sustained investment, strong execution and close collaboration across the aviation ecosystem,” he added.
Khazanah said MAHB continues to operate within the country’s established governance and regulatory framework, with oversight by the relevant authorities and mechanisms to monitor performance, service quality and major capital projects.
As a shareholder, it said it supports the PAC’s recommendations, including proposals to strengthen reporting structures, while remaining committed to high standards across the board, from procurement and project delivery to performance monitoring and integrity.
The fund also stressed that Malaysia’s airports continue to be strategic national assets, with MAHB operating the airport network. It noted that national security, border control and other sovereign functions remain under the responsibility of relevant government agencies.
Khazanah said it will continue working with MAHB, regulators, airline partners and other stakeholders to strengthen Malaysia’s airport network, reinforce national connectivity and deliver lasting value for Malaysia.
Yesterday, the Public Accounts Committee (PAC) said the decline in airport service quality reflected years of inadequate recovery and preventive maintenance, as well as insufficient capital investment, and called for tighter oversight of MAHB following its privatisation.
The post Khazanah backs PAC recommendations to strengthen MAHB post-privatisation appeared first on The Malaysian Reserve.
