Reference is made to the Company’s announcements on 11 December 2018, 23 January 2019, 18 July 2019 and 10 September 2019 on the suit filed by Malaysia Airports (Sepang) Sdn Bhd (“MASSB”), a wholly-owned subsidiary of Malaysia Airport Holdings Berhad, against the Company’s wholly-owned subsidiary, AirAsia Berhad ("AAB"), in relation to MASSB’s claim for additional Passenger Service Charges.

As an update, on 3 March 2022, the Court of Appeal dismissed AAB’s four (4) appeals against the High Court’s two (2) summary judgments and two (2) orders dismissing AAB’s application to strike out MASSB’s claim for outstanding Passenger Service Charges. The appeals were dismissed with costs of RM10,000.00 for each appeal, subject to payment of allocator fee.

AAB is currently seeking a copy of the Court of Appeal’s grounds for the decision and will consider appropriate next steps in due course in order to preserve our interests.

Further announcements 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 8 March 2022.

Announcement Info