MALAYSIA AIRPORTS ANNOUNCES FUTURE PLANS FOR ISG AND CHANGES IN LEADERSHIP
01 March 2017
ISTANBUL – Malaysia Airports Holdings Berhad (Malaysia Airports), the owner of Istanbul Sabiha Gokcen International Airport (ISG), today announced its plans for the future of the airport.
In the last decade, Malaysia Airports had successfully built its reputation as a world-class airport business. Now, as one of the world’s largest airport operator group in terms of passenger numbers, the company strives to become a global leader in creating airport cities.
Datuk Badlisham Ghazali, Managing Director of Malaysia Airports said, “Becoming a global leader in the creation of airport cities will take us to the next level – beyond a mere airport operator, in line with the evolution and trend of airports around the world. As part of the Group, ISG, which has a unique location among four most developed cities in Turkey and bears a huge growth potential, continues to be a key asset for our international expansion strategy. With the support from our recent and upcoming investments, we expect ISG to not only be a key contributor to the Group’s sustainability, but also create further value to the Turkish economy and increase the country’s international appeal.”
However, in line with future plans to transform its business, Malaysia Airports is making some changes in the management of ISG. It is now entering a new phase of development and growth and with that, there is a need to shift to a more global perspective to create bigger opportunities for ISG. This entails changes across all segments of the business to ensure that ISG will continue to thrive and compete internationally. Gokhan Bugday has stepped down as CEO effective 1 March 2017 to make way for a new leadership to take on this new growth target.
“We are grateful for the contribution by Mr. Bugday for the growth in ISG over the last 8 years,” said Badlisham.
Badlisham continued by saying, “We believe that ISG, which is a key asset for Turkey’s economy, bears a great potential. Among others, its strategic location linking Asia and Europe had enabled it to grow and handled nearly 30 million passengers in 2016. Moreover, the airport had also expanded its connectivity within the EMEA region and welcomed new airlines such as Emirates, Etihad, and Nile Air as well as new destinations launched by both Turkish Airlines and Pegasus. In order to allow for further growth in ISG, we have also invested to improve our passenger transfer facility between international and domestic. In addition, we also plan to invest further in increasing ISG’s current capacity by building a new boarding hall to cater for the growing domestic traffic.”
“With the support of the rapidly improving connectivity to and around ISG and the completion of the second runway in year 2018, we expect the airport to double its airside capacity. In line with our international expansion strategy, we will continue to derive value from our investment in Istanbul Sabiha Gokcen International Airport thus enjoying organic growth,” Badlisham had added further.