AirAsia X Berhad (the "Company")
For consistency purposes, abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcements made by the Company on 11 December 2018 and 23 January 2019.
Reference is made to the Company’s announcements on 11 December 2018 and 23 January 2019 on the suit filed by Malaysia Airports (Sepang) Sdn Bhd (“MASSB”), a wholly-owned subsidiary of Malaysia Airport Holdings Berhad, against our Company, in relation to MASSB’s claim for additional Passenger Services Charges.
As an update, the suit was heard before the High Court on 18 July 2019 in relation to the following:
1. the summary judgment application filed by MASSB (“Summary Judgement Application”); and
2. the application filed by our Company together with our affiliate, AirAsia Berhad to strike out the suit (“Striking Out Application”).
We wish to announce that the High Court has:
1. allowed the Summary Judgment Application with costs in the sum of RM8,000 per summary judgment application; and
2. dismissed the Striking Out Application with no order as to costs.
We will be taking the necessary actions to preserve our interests, including appealing against the said decision and applying for a stay of execution.
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 18 July 2019.
|Company Name||AIRASIA X BERHAD|
|Date Announced||18 Jul 2019|
|Category||General Announcement for PLC|