Report: Property Tycoon Desmond Lim Eyes Subang Airport Takeover

May 7, 2021

Report: Property Tycoon Desmond Lim Eyes Subang Airport Takeover

Property tycoon Tan Sri Desmond Lim Siew Choon is reportedly planning a “takeover of the Subang airport”.

News portal The Vibes reported that Subang Skypark Sdn Bhd (SSSB), a wholly-owned unit of WCT Holdings Bhd, has proposed “to enter a new concession to operate the entire Sultan Abdul Aziz Shah Airport area until 2092, developing it to be a city airport”.

Lim is the largest shareholder in WCT Holdings and is the group’s executive chairman.

The Vibes noted that SSSB made the proposal to the government through the Ministry of Transport. The company assured that Subang airport will not compete with Kuala Lumpur International Airport (KLIA) since it will be targeting “premium business travellers, capturing a different market from KLIA passengers”.

SSSB said the airport will serve point-to-point passengers as well as express freight, together with related property developments, according to the report.

“It will grow to 7.5 million passengers per annum and will operate turboprops, small jets, helicopters, drone/air-taxis and freighters,” it said as quoted by The Vibes.

SSSB also shared that it would negotiate “fair compensation” to current owner Malaysia Airports Holdings Bhd (MAHB) as well as to overhaul specialist Airod Sdn Bhd for vacating the airport.

However, other occupants of the airport such as the Royal Malaysian Air Force, Royal Malaysia Police and Civil Aviation Authority of Malaysia can continue to use their facilities, it said.

 

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