6 February 2012

Malaysia Airports (MAHB) will be awarding concessions for 225 outlets at klia2 by July this year for the scheduled opening of the new low-cost terminal in April 2013.

Of the total, 118 lots will be allocated for retail, 81 lots for food and beverage and 26 lots for services.

MAHB commercial services senior general manager Faizah Khairuddin told The Star some 500 businesses have expressed interest to operate at klia2 following a successful brand presentation last month.

She said that apart from retail outlets in the terminal departure area, MAHB was also working on a mall sited in front of the terminal which will offer non-duty-free goods.

“We will anchor it with retail offerings. It is very a unique concept (and) not just an airport. We will have both airside and landside malls for passengers…

“We are maximising space as part of our plan to drive our non-aeronautical revenue. klia2 is commercially driven,” the daily quoted her as saying.

Faizah added that MAHB is targeting to hit RM3 billion in revenue by 2014, two-thirds of which will be come from non-aeronautical sources, such as rental of space, car parks and transit hotels.

She said this will be a “reverse” of the traditional airport model, where non-aeronautical revenue typically accounts for some 30 per cent of earnings.

The airport manager’s non-aeronautical revenue currently stands at about 55 per cent, with the balance coming from its aeronautical sources.

Non-aeronautical revenue for MAHB has increased rapidly in recent years, nearly doubling to RM842 million in 2010 from RM486 million in 2003.

According to the KLIA Aeropolis Master Plan, the airport manager has identified 2,730 acres out of a total 22,156 in KLIA for commercial development.

MAHB also hopes to achieve RM185.5 million in property development revenue by 2014.

Source: www.themalaysianinsider.com

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