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MAHB clarifies on Tony Fernandes's statements

21 February 2014

Sepang, 21 February 2014 - We refer to the following statements made by Tan Sri Tony Fernandes, CEO of Air Asia Group, reported in Malaysian Insider and Malaysia Kini on 19 February 2014, as well as in other media:-

1. "...... Fernandes said that MAS and Malaysia Airports Holdings Berhad (MAHB) have to start churning profits to avoid burdening taxpayers."

2. "Fernandes, meanwhile, criticised MAS and MAHB's continued spending and losses."

3. "It's supposed to be profit-making. This just hurts decent players in the business when they're spending like there's no tomorrow," said Fernandes. "

This has resulted in several enquiries being directed to MAHB especially by the shareholders. While it is not MAHB's policy to comment on statements made by our partners but in this case we had been advised that as a public listed company, we need to correct the information related to MAHB.

MAHB wishes to clarify that since it was incorporated 22 years ago, its financial performance has been showing consistent profits yearly.

Over the last 15 years since being public listed, MAHB has continually paid the concession fees and taxes to the government, issued dividends to shareholders, paid incentives to airlines, and remained profitable.

Since 2002, AirAsia has been a beneficiary of MAHB's strong financial performance as it has received the most incentives over the last 10 years from MAHB, despite it not being the airline that contributed the highest number of passengers or revenue. MAHB had specifically introduced an incentive program to support the growth of AirAsia, at its infancy stage. This had facilitated AirAsia's growth to become the successful airline that it is today.

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