Labu airport is as good as off

The proposed new airport in Labu by AirAsia Berhad is as good as off. The decision was conveyed to AirAsia executives when they met the Deputy Prime Minister this afternoon. A source said the Government felt that AirAsia would not be able to raise the funds to develop the new airport.
Instead, Malaysia Airports Holding Berhad will build a new terminal near the Kuala Lumpur International Airport where they will work closely with AirAsia, a source said. AirAsia’s inputs in the building of the new terminal will also be taken into consideration,” the source said.
The Cabinet is expected to formalize the decision in the next few weeks.
Earlier, AirAsia chief executive officer Datuk Tony Fernandes briefed Datuk Seri Najib Razak and Transport Minister Datuk Seri Ong Tee Keat on the proposed new airport to cater to low-cost carrier.
Fernandes presented a detailed report on KLIA-East and plans to make Kuala Lumpur the regional hub for low-cost carriers. Representatives of the Malaysia Airports Holding Berhad, Transport Ministry, Finance Ministry and Economic Planning Unit also attended the one-hour briefing.
In an immeidate reaction, Fernandes said: We were happy with the meeting. This is a big step for the development of AirAsia."

tunku : very good news to all malaysian except for few.thank you najib for listening to the rakyat.now we hope that MAB will expedite the construction of the new lcct terminal wihout any delays.