Khazanah Welcomes PAC Recommendations to Strengthen Malaysia’s Airport Ecosystem

KUALA LUMPUR, JULY 2026 — Khazanah Nasional Bhd has welcomed the recommendations made by the Public Accounts Committee (PAC) regarding Malaysia Airports Holdings Bhd (MAHB), saying the proposals are in line with efforts to strengthen Malaysia’s airport ecosystem and improve the country’s aviation competitiveness.

In a statement, the sovereign wealth fund said the PAC recommendations support the broader objectives behind the privatisation of MAHB, which include strengthening Malaysia’s aviation sector, improving connectivity, enhancing passenger experience and increasing the competitiveness of Malaysian airports.

Khazanah said most of the recommendations are aligned with measures that have already been implemented or are being strengthened by MAHB and relevant stakeholders. These efforts include improving operational performance, stakeholder engagement, service expectations and service quality across Malaysia’s airport network.

The group also expressed support for PAC’s proposal to improve reporting structures. Khazanah said it remains committed to maintaining high standards in all areas, including procurement, project implementation, project delivery, performance monitoring and integrity.

Khazanah Managing Director Datuk Amirul Feisal Wan Zahir said the objective of taking MAHB private is to create an environment that supports long-term transformation. This includes enabling continuous investment, operational excellence and ongoing improvement throughout Malaysia’s airport network.

He also emphasised that airports and strong connectivity are important enablers for trade, investment, tourism and business activities. According to him, a stronger airport ecosystem will help Malaysia remain competitive in an increasingly challenging regional economic landscape.

Amirul Feisal said the task ahead for MAHB remains significant and that lasting transformation will take time. However, he expressed confidence in MAHB’s commitment to adopting global best practices, using international expertise and continuing disciplined, consistent improvements.

Earlier, PAC recommended that local shareholding in MAHB by Khazanah and the Employees Provident Fund (EPF) be maintained at a minimum of 70 percent to ensure the country’s strategic control over the airport operator remains protected.

PAC also recommended that any future change in MAHB’s equity ownership structure or disposal of strategic assets should receive transparent Cabinet approval. The recommendation is aimed at ensuring that decisions involving strategic national assets are handled with proper oversight.

In addition, MAHB was advised to strengthen integrated strategic cooperation with key ministries and agencies, including the Ministry of Finance, Ministry of Transport, Ministry of Tourism, Arts and Culture, Ministry of Investment, Trade and Industry, National Security Council and Ministry of Communications. The cooperation is expected to support better coordination in the development of Malaysia’s aviation industry.