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Malaysia Airports Berhad was incorporated in 1991 when the Malaysian Parliament passed a bill to separate the Department of Civil Aviation (DCA) into two entities with different spheres of responsibilities. DCA remains the regulatory body for the airports and aviation industry in Malaysia whilst the newly created entity, Malaysia Airports Berhad is to focus on the operations, management and maintenance of airports. In November 1992, Malaysia Airports Berhad was duly licensed by the Minister of Transport Malaysia to carry out its function as the airport operator.

Malaysia Airports manages and operates 39 airports in Malaysia: 5 international, 16 domestic and 18 Short Take-Off and Landing Ports (STOL Ports). It also has operations in India and Turkey. On November 30, 1999, Malaysia Airports became the first airport company to be listed in Asia. KL International Airport (KLIA), its flagship airport was thrice voted as the Best Airport (15-25 million passengers per annum) in the 2005 AETRA awards, 2006 ACI-ASQ awards and 2007 ACI-ASQ awards while the Low Cost Carrier Terminal (LCCT-KLIA) was named CAPA Low Cost Airport of the Year at the CAPA Aviation Awards for Excellence 2006. KLIA has also taken a big stride in the realisation of becoming a global integrated hub by launching the Next Generation Hub concept, an initiative aiming to position the ultra-modern airport as a complete hub for all. Malaysia Airports has been awarded by Enterprise Asia with the prestigious Community Engagement Award in the Asia Responsible Entrepreneurship Awards (AREA) 2009 Malaysia, in recognition of Malaysia Airports' commitment towards the betterment of the surrounding community which they operate in. It was also the recipient of Airport Investment Company of the Year award in the 2010 Frost & Sullivan Asia Pacific Aerospace & Defense Award.