Others

BackJan 23, 2019
Type Announcement
Subject OTHERS
Description

AirAsia X Berhad

 

For consistency purposes, abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement made by the Company on 11 December 2018.

 

Reference is made to the Company’s announcement on 11 December 2018.


We wish to announce that AAX has filed a statement of defence in relation to the suit filed by MASSB, a wholly-owned subsidiary of Malaysia Airport Holdings Berhad (“MAHB”).

 

In the statement of defence, AAX contended, amongst others, that the claim by MASSB is misconceived, invalid and/or premature as MASSB has not complied with and/or availed itself of the statutory provisions for dispute resolution within the Malaysian Aviation Commission Act 2015 (“MAVCOM Act”). Accordingly, AAX has filed an application to strike out the suit on the above grounds.


Further, AAX together with its affiliate AirAsia Berhad (“AAB”), will be availing themselves of the statutory provisions for dispute resolution within the MAVCOM Act to seek more than RM400 million in counter-claims against MASSB and/or MAHB for losses and damages experienced by AAX and AAB due to operational disruptions at KLIA2.


Further updates in respect of any material development on the matter will be made from time to time in compliance with the requirements of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.


This announcement is dated 23 January 2019.

 

 




Announcement Info

Company Name AIRASIA X BERHAD
Stock Name AAX
Date Announced 23 Jan 2019
Category General Announcement for PLC
Reference Number GA1-23012019-00111