News


(1) Luala Lumpur High Court Civil Suit Between Malaysia Airports (Sepang) Sdn Bhd And Airasia Berhad (2) Kuala Lumpur High Court Civil Suit Between Malaysia Airports (Sepang) Sdn Bhd And Airasia X Berhad

BackJan 25, 2019
Type Announcement
Subject OTHERS
Description

(1) KUALA LUMPUR HIGH COURT CIVIL SUIT BETWEEN MALAYSIA AIRPORTS (SEPANG) SDN BHD AND AIRASIA BERHAD (2) KUALA LUMPUR HIGH COURT CIVIL SUIT BETWEEN MALAYSIA AIRPORTS (SEPANG) SDN BHD AND AIRASIA X BERHAD

The Board of Directors of Malaysia Airports Holdings Berhad (the Company) wishes to announce that Malaysia Airports (Sepang) Sdn Bhd (the Plaintiff), a wholly owned subsidiary of the Company had filed separate Writ of Summons and Statement of Claim at the Kuala Lumpur High Court (Civil Suits) on AirAsia X Berhad and AirAsia Berhad (the Defendants) on 10 December 2018.

The Defendants had respectively served its Defence dated 23 January 2019 (“Defences”) pertaining to the Civil Suits on 24 January 2019. In the Defences, the Defendants have alleged, among others, that the Defendants had suffered loss and damage which is estimated to be in excess of RM400 million.

The Company wishes to clarify that there is no counterclaim made for the alleged sum in excess of RM400 million or details particularising the same in the Civil Suits as the Defendants will be availing itself of the statutory provisions for dispute resolution within the Malaysian Aviation Commission Act 2015 (MAVCOM Act) to claim for the same.

The Plaintiff strongly refutes the allegations made by the Defendants in the Defences and the Plaintiff will be filing statements of reply. The Plaintiff will respond to the Defendants’ alleged loss and damage at the appropriate junction when details of the same are made available to the Plaintiff and/or Company.

Any further updates in respect of any material development will be made from time to time.

 

This announcement is dated 25 January 2019.




Announcement Info

Company Name MALAYSIA AIRPORTS HOLDINGS BERHAD
Stock Name AIRPORT
Date Announced 25 Jan 2019
Category General Announcement for PLC
Reference Number GA1-25012019-00083