MAHB to sell stakes in Istanbul Sabiha Gokchen International Airport

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Malaysian airport operator, Malaysia Airports Holdings Bhd (MAHB), have not yet finalized the sale of its stakes in the Istanbul Sabiha Gokchen (ISG) International Airport in Turkey. 

The company is looking for strategic partners to operate the Turkish airport on the condition that the companies can help MAHB to get better airport tariff and bring in more airlines to ISG. The airport was able to accommodate up to 43 million passengers in 2018. The aim is to bring up to 41 million passengers after the completion of the airport’s boarding las year. 

In 2008, MAHB acquired ISG and has developed the airport's capacity up to seven times in terms of passenger growth. In August last year, Turkish Airlines have expressed interest in buying the majority stakes in ISG from MAHB for a total consideration of EUR750 million (US$874.3 million). 

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