Hope that title hit the right note for the golfing members of the Board of Directors of MAHB.
Tengku Zafrul's denial is not convincing. On his second or third shot, he may succumb to sell or give long term lease of Subang Airport to Desmond Lim's WCT.
MAHB could see the green from where it is now but obstacles ahead are denying a clear path. Need to get the ball on the fairway first.
Safeguard its cash position and prioritise to get the Subang Regeneration Plan off. No point spending money on critical upgrade for KLIA but lose Subang.
If WCT plan go through and the point-to-point airport becomes a reality, it means tens of billion ringgit of potential loss in revenue and the billion capex spending could be utilise for other strategic purpose.
No doubt MAHB have made plans for the upgrades and tender have been out since 2019, Covid 19 and economic situation of country under PN government has gotten out of hands.
The country is aimless and without any plan. The leaders are incompetent, corruptible and self serving. Crisis demand for strong leadership but the national leaders have no sense of purpose.
Overnight, social media downgraded Malaysia from #KerajaanGagal to #KerajaanCirit.
Today, US State Department downgraded Malaysia to its lowest tier in human trafficking. This has serious economic implication but what has Wisma Putera done about it?
It is risky to commit sizeable money for capex to an uncertain future. The SOP for international travel and acceptable vaccine to WHO is still work in progress.
England versus Germany game looks as though life is back to normal in the UK, but new C-19 variants could render any vaccination effort as useless.
International travel will not be any where close to pre-pandemic level for next two to three years. The prospective traffic volume for KLIA may not offer viable IRR for the capex plan.
Surely, this is not a reaction to TheVibe.com's ''Pricey’ Pestech to snag MAHB’s aerotrain tender?"
In the last article on Aerotrain here, it need be clarified that the budget for Aerotrain did not jump from RM400 million to RM800 million. The Edge did not highlight that the difference is for different maintainance package.
Nevertheless, Chairman Dato Dr Zambery Kadeer already indicated concern for MAHB cashflow to inform media of revised capex budget back in November 2020.
Though Prestech does not feature well in this blogger's market intel and assessment of the company, this blog is not about to attempt a birdie on Bombardier.
No urgency on the BOD to decide on the aerotrain or baggage handling or other amenities now.
Wait till there is a straight path for the putt.