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Kuala Lumpur, Kuala Lumpur, Malaysia

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Material Litigation

BackJul 18, 2019
Type Announcement
Subject MATERIAL LITIGATION
Description

UPDATES ON (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

We refer to our Announcement dated 25 January 2019.

The Board of Directors of Malaysia Airports Holdings Berhad (“the Company”) wishes to announce that on 18 July 2019 the Kuala Lumpur High Court granted summary judgment in favour of Malaysia Airports (Sepang) Sdn Bhd (“MA Sepang”), a wholly owned subsidiary of the Company, in all three civil suits filed by MA Sepang against AirAsia Berhad and AirAsia X Berhad (collectively, “AirAsia”).

The summary judgment order was for a combined amount of RM40,728,327.50 in unpaid Passenger Service Charges (“PSC”) and a combined amount of RM792,381.74 in unpaid Late Payment Charges (“LPC”). The summary judgment order further included a declaration for AirAsia to pay MA Sepang the PSC rates that have been gazetted in law.

The Kuala Lumpur High Court also dismissed the applications filed by AirAsia to strike out or stay the three civil suits filed by MA Sepang.  

 

This Announcement is dated 18 July 2019.


Announcement Info

Company Name MALAYSIA AIRPORTS HOLDINGS BERHAD
Stock Name AIRPORT
Date Announced 18 Jul 2019
Category General Announcement for PLC
Reference Number GA1-18072019-00068