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Kuala Lumpur, Kuala Lumpur, Malaysia

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Material Litigation

BackOct 07, 2019

 

Type Announcement
Subject MATERIAL LITIGATION
Description

WRIT OF SUMMONS SERVED ON MALAYSIA AIRPORTS (SEPANG) SDN BHD BY AIRASIA BERHAD AND AIRASIA X BERHAD

We refer to our Announcement dated 31 January 2019, 16 May 2019, and 25 June 2019.

The Board of Directors of Malaysia Airports Holdings Berhad (“the Company”) wishes to announce that Malaysia Airports (Sepang) Sdn Bhd (“MA Sepang”), a wholly owned subsidiary of the Company, on 4 October 2019 was served by the solicitors of AirAsia Berhad and AirAsia X Berhad (“collectively, “AirAsia”) with a Writ of Summons (without a Statement of Claim) in respect of their alleged losses and damages in the sum of RM479,781,285.00. 

On 14 May 2019, AirAsia had initially filed a judicial review leave application seeking for, amongst others, an Order of Mandamus to compel the Malaysian Aviation Commission to decide this dispute. AirAsia’s judicial review leave application was subsequently dismissed by the Kuala Lumpur High Court on 25 June 2019. 

The Company will seek the necessary legal advice on the above subject matter when the Statement of Claim is served.
 
Any further updates in respect of any material development will be made from time to time.
 
This Announcement is dated 7 October 2019.




Announcement Info

Company Name MALAYSIA AIRPORTS HOLDINGS BERHAD
Stock Name AIRPORT
Date Announced 07 Oct 2019
Category General Announcement for PLC
Reference Number GA1-07102019-00056