Malaysia Airports said to plan stake sale in Sabiha Istanbul

Malaysia Airports Holdings plans to sell a minority stake in its Istanbul unit, which operates Turkey’s second-biggest airport, people familiar with the matter said. The Malaysian company is seeking an investor for Istanbul Sabiha Gokcen International and plans to maintain control of the company. Malaysia Airports is also talking to banks about a possible advisory role on the deal, they said. Malaysia Airports plans to start a E130m (US$142m) expansion of ISG this year as it nears capacity. The airport will add 8m passengers a year to its current capacity of 33m passengers once a new boarding hall is completed in 2018. Pegasus uses ISG as its main hub, while Pegasus and Turkish Airlines make up more than 90% of all airlines using the airport. <br/>