The agreement is aimed at enhancing the functionality, safety, and commercial viability of the airports while contributing to economic development of Timor-Leste, says Asia-Pacific Strategic Investments.
According to the terms of the agreement, the group is expected to undertake the day-to-day operations and maintenance of the airports; develop and implement operational procedures to ensure safety, efficiency, and regulatory compliance; and enhance passenger experience and establish customer service standards.
The group adds that the agreement marks Asia-Pacific Strategic Investments’ potential entry into the aviation infrastructure sector, which is subject to its shareholders’ approval.
Shares in Asia-Pacific Strategic Investments closed flat at 0.1 cents.
