KUCHING: The upcoming festivities as well as the worldwide summer holiday season are expected to drive the aviation sector’s passenger traffic growth in the second quarter of 2018 (2Q18), analysts observed. In a report, the research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) pointed out that the worldwide summer holiday season usually starts […]
SINGAPORE (Mar 9): UOB Kay Hian is upbeat on the Singapore aviation sector, following the teaming up of Singapore Airlines (SIA), SATS, and duty-free provider DFASS to offer inflight duty-free and duty-paid goods. The brokerage is keeping its “market weight” rating on the sector. SIA on Thursday agreed to subscribe to a 70% stake in inflight sales concessionaire DFASS SATS – a 50:50 joint venture company between DFASS and SATS’ wholly-owned subsidiary SATS Asia-Pacific Star (APS). The deal will see SIA provide travel-related retail operations in Singapore under the KrisShopRead More
KUCHING: The prospect for aviation sector looks bright coming into 2018, despite the challenges such as rising fuel prices, analysts observed. In a report, the research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) said the prospect for aviation sector looks bright coming into 2018. “Despite the challenges such as rising fuel prices, we believe airlines like AirAsia Bhd (AirAsia) and AirAsia X Bhd (AAX) to remain buoyant, underpinned by its continuous improvement in operational cost coupled with aggressive capacity expansion,” it said in a report yesterday. It pointedRead More
KUCHING: The prospect for aviation sector looks bright coming into 2018, despite the challenges such as rising fuel prices, analysts observed. In a report, the research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) said the prospect for aviation sector looks bright coming into 2018. “Despite the challenges such as rising fuel prices, we […]
KUCHING: For Malaysia’s aviation sector, analysts are positive about AirAsia Bhd’s (AirAsia) growth plans while they expect slightly slower traffic growth for Malaysia Airports Holdings Bhd’s (MAHB) Malaysian operations. The research arm of Kenanga Investment Bank Bhd (Kenanga Research) explained that it is more positive on MAHB’s operations in Turkey and it targeted a double-digit […]
KUCHING: Analysts gave two thumbs up to Air Asia Bhd (AirAsia) completing the listing of its Indonesian arm, Indonesia Air Asia via a reverse takeover exercise with PT Indonesia Air Asia. This was pursuant to the latter’s acquisition of a 57.3 per cent stake in Indonesia AirAsia. PT Indonesia Air Asia recently raised RM1.1 billion […]
KUCHING: The International Air Transport Association (IATA) is strongly concerned by the proposed charge that would be levied on passengers flying into and out of Malaysia. This comes as the country is planning to introduce a new border management programme called Advance Passenger Information (API) known in Malaysia as Advance Passenger Screening System (APSS). API […]
KUALA LUMPUR (Oct 18): Khazanah Nasional Berhad (Khazanah) said a New Straits Times report yesterday on the departure of Malaysia Airlines CEO Peter Bellew is…
PETALING JAYA: Felda Global Ventures Holdings Bhd (FGV) and Majlis Amanah Rakyat (Mara) have decided to scrap the memorandum of understanding (MoU) signed between the two parties on May 12, 2016, to collaborate in logistic services, specifically in the aviation sector, within Mara group.
In 2014, the federal government awarded Mara the job to develop Sultan Abdul Aziz Shah Airport in Subang as Original Equipment Manufacturer (OEM) for Southeast Asia. The project is now called Asia Aerospace City.
FGV announced in a Bursa Malaysia filing on Friday, the two decided to terminate the MoU signed between Felda Transport Services Sdn Bhd and Mara Liner Sdn Bhd without disclosing the reason behind the termination. The termination is not expected to impact the earnings of both parties.
In May, FGV's board had stated that it had approved a further one year extension to the MoU and was awaiting the decision of its counterpart on the extension.
FGV's shares remained at RM1.71 with some 2.77million shares changing hands.