We refer to our Announcement dated 18 July 2019.

The Board of Directors of Malaysia Airports Holdings Berhad (“the Company”) wishes to announce that on 27 September 2019 the Kuala Lumpur High Court dismissed the applications filed by AirAsia Berhad and AirAsia X Berhad (collectively, “AirAsia”) to stay the execution of the High Court Judgments dated 18 July 2019 that were awarded in favour of Malaysia Airports (Sepang) Sdn Bhd (“MA Sepang”), a wholly owned subsidiary of the Company.

The High Court Judgments had included, amongst others, a declaration that AirAsia is to pay to MA Sepang the Passenger Service Charge rate as prescribed in the Malaysian Aviation Commission (Aviation Services Charges) Regulations 2016 (as amended in 2017). 

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

This Announcement is dated 27 September 2019.