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Malaysia Airports Holdings Bhd settles RM456m arbitration dispute with Kuala Lumpur Aviation Fuelling System Sdn Bhd (KAFS)

Dec 30, 2024•over 1 year ago

Contract Type

contract

MalaysiaTransportationTravelAir Transportation

Description

Malaysia Airports Holdings Bhd (MAHB) has reached a settlement with Kuala Lumpur Aviation Fuelling System Sdn Bhd (KAFS) regarding a long-running arbitration dispute involving a claim for RM456 million in damages. The dispute arose from changes in an operating agreement between MAHB’s subsidiary and the Malaysian government, which shortened the concession period.

Company Information

Company

Malaysia Airports Holdings Bhd (MAHB)

Location

Malaysia

About

Malaysia Airports Holdings Bhd (MAHB) is a Malaysian airport company that manages most of the airports in Malaysia. MAHB operates and maintains 39 airports across Malaysia, with Kuala Lumpur International Airport (KLIA) being its main hub.

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