7 October 2019
Malaysia Airports Holdings Bhd (MAHB) says it will seek the necessary legal advice after AirAsia Group Bhd and its long-haul affiliate AirAsia X Bhd (AAX) filed a lawsuit against the airport operator last Friday (Oct 4).
In a bourse filing today, MAHB confirmed that its wholly-owned subsidiary Malaysia Airports (Sepang) Sdn Bhd (MASSB) was on Friday served by the solicitors of AirAsia and AAX with a writ of summons claiming RM479.78 million for loss and damage allegedly caused by negligence at klia2.
“On May 14, AirAsia had initially filed a judicial review leave application seeking for, among 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 June 25,” said MAHB.
AirAsia and AAX are collectively claiming the amount from MASSB, “being loss and damage caused by negligence on the part of MASSB, its servants or agents in the management, operation, maintenance and provision of airport services and facilities at klia2”.
AirAsia shares closed up one sen or 0.6% at RM1.69 today, with 16.03 million shares done, bringing a market capitalisation of RM5.65 billion, while AAX shares were down 0.5 sen or 3.03% at 16 sen, with 5.07 million shares traded, valuing it at RM663.7 million.
MAHB shares settled 3 sen or 0.34% lower at RM8.67, with 834,100 shares done, giving it a market value of RM14.39 billion.
Source: theedgemarkets.com
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