News


BackOct 23, 2020
Type Announcement
Subject MATERIAL LITIGATION
Description

Civil Suit filed in the High Court of Kuala Lumpur by Malaysia Airports (Sepang) Sdn Bhd against AirAsia X Berhad


The Board of Directors of AirAsia X Berhad (“AAX” or “Company”) wishes to announce that the Company had on 23 October 2020, been served with an unsealed copy of  the Writ of Summons and Statement of Claim, both dated 22 October 2020, filed by Malaysia Airports (Sepang) Sdn Bhd (“MASSB”) against the Company in the High Court of Kuala Lumpur (“said Claim”).

 

In the Statement of Claim, MASSB claimed that the said Claim is in respect of the sum of RM78,162,964.90, being the outstanding amount for various aeronautical charges which comprised of passenger service charges, passenger service security charges, aerobridge charges, aircraft parking charges, check-in counter charges, landing charges and late payment charges pursuant to the Malaysian Aviation Commission (Aviation Services Charges) Regulations 2016 and/or the conditions of use for Kuala Lumpur International Airport (“Condition of Use”).

 

In connection to the said Claim, MASSB had also seek for, amongst others, an order that MASSB’s contractual and continual lien over any aircraft, parts, accessories, vehicles, equipment and/or any other property belonging to and/or under the Company’s control or any ground handler appointed by the Company under the Condition of Use shall only be discharged upon full settlement by the Company of the full sum owing to MASSB.

 

 

Financial and Operational Impact to the Group

 

The financial impact to the Company will be a cash outflow equal to the amount of the claim of RM78,162,964.90, if successful.

 

There is no operational impact to the Company. 

 

 

The Steps Taken or Proposed to be Taken by the Company in respect of the said Claim

 

The Board of AAX is currently reviewing the documentations received in respect of the said Claim, and will be seeking legal advice in relation to the said Claim.

 

The Company will make the necessary announcements on further developments of the above matter as and when necessary.

 

 

This announcement is dated 23 October 2020.





Announcement Info

Company Name AIRASIA X BERHAD
Stock Name AAX
Date Announced 23 Oct 2020
Category General Announcement for PLC
Reference Number GA1-23102020-00136
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