Asia-Pacific Aerospace Briefs Today
September 14th 2021
Malaysia Airports Holdings Berhad (MAHB) outlined during its annual general meeting yesterday its priorities for the period ahead included further reducing costs, implementing mission critical projects and stabilizing credit ratings, among other measures. "We are seeing light at the end of the tunnel especially with the reopening of domestic tourism. Read More » With Langkawi as the pioneer destination of the domestic travel bubble, we are certainly looking forward for our airport operations to be in full swing again," MAHB CEO, Dato’ Mohd Shukrie Mohd Salleh, said.
Babcock and Rolls-Royce have divested their respective shareholdings in AirTanker Holdings Limited to Equitix Investment Management Limited. Babcock sold its 15.4% equity in the company for £126 million (US$174 million) and Rolls-Royce received cash proceeds of £189 million for offloading its 23.1% holding.
