Malaysia Airports Holdings Bhd (MAHB) has secured an in-principle approval from the Government of Malaysia to operate, maintain and develop 39 airports and short take-off and landing airports (STOLports) across the country till 2069.

The new operating agreement grants MAHB the flexibility to choose the method of funding for future developments, either through government allocations or an investment recovery model mechanism. An airport development fund (ADF) will also be developed that will use contributions from airport users for projects.

The Government of Malaysia will hold the right to restructure the aviation sector by clustering, carving out, disinvesting, or closing the airports. The government will also be able to restructure the ownership of the facilities with approval from MAHB.