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Kuala Lumpur, Kuala Lumpur, Malaysia

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Material Litigation

BackOct 22, 2020
Type Announcement
Subject MATERIAL LITIGATION
Description

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

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, has filed a Writ of Summons and Statement of Claim at the Kuala Lumpur High Court (“the Civil Suit”) against AirAsia X Berhad (“the Defendant”) on 22 October 2020.

 

The claim is in the sum of RM78,162,964.90  being the outstanding amount for various aeronautical charges pursuant to the Malaysian Aviation Commission (Aviation Services Charges) Regulations 2016 (“the Regulations”) and/or the Conditions of Use for Kuala Lumpur International Airport (“the Conditions of Use”). The outstanding aeronautical charges are comprised of passenger service charges, passenger service security charges, aerobridge charges, aircraft parking charges, check-in counter charges, landing charges and late payment charges.

 

As part of the Civil Suit, the Plaintiff is also seeking an order that the Plaintiff’s contractual and continual lien over the Defendant’s User Properties under the Conditions of Use shall only be discharged upon full settlement by the Defendant of the full sum owing to the Plaintiff.

 

User Properties is defined in the Conditions of Use as any aircraft, parts, accessories, vehicles, equipment and/or any other property belonging to and/or under the Defendant’s control or any ground handler appointed by the Defendant.

 

The Board of the Company is of the opinion that it is necessary for Malaysia Airports (Sepang) Sdn Bhd to pursue the Civil Suit to best protect its interest.

 

The Civil Suit is not expected to have any material impact on the operational position of the Company.

 

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

 

This announcement is dated 22 October 2020.

 


Announcement Info

Company Name MALAYSIA AIRPORTS HOLDINGS BERHAD
Stock Name AIRPORT
Date Announced 22 Oct 2020
Category General Announcement for PLC
Reference Number GA1-22102020-00143