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AirAsia And Sime Darby Confirm Interest In Developing New LCCT - malaysiakini



KUALA LUMPUR, Dec 23 -- AirAsia and Sime Darby Bhd have confirmed their interest in jointly developing and operating a private Low-Cost Carrier Terminal (LCCT) in Labu, Negri Sembilan.

In its filing to Bursa Malaysia, AirAsia said both had jointly expressed an interest to the government on this matter.

"The LCCT project is in the initial planning phase. The company and Sime Darby are engaged in preliminary discussions with state and federal authorities," it said today.

Meanwhile, Sime Darby, in a separate filing said the collaboration was an intergral part of the company's plan for its Negeri Sembilan Vision City (NSVC).

The NSVC is part of Sime Darby's Central Vision Valley property development project spanning Selangor and Negeri Sembilan.

It was reported that Sime Darby, who will build the airport, is expected to take up a majority stake in the joint venture. AirAsia will operate the airport.

The proposed LCCT has attracted various parties interested in setting up operations there,including Tune Hotel, a bus terminal, retail malls and factories.



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