MATERIAL LITIGATION

Company Name MALAYSIA AIRPORTS HOLDINGS BERHAD
Stock Name AIRPORT
Date Announced 15 Aug 2022
Category General Announcement for PLC
Reference Number GA1-15082022-00024

Type Announcement
Subject MATERIAL LITIGATION
Description
UPDATES ON DISCONTINUANCE OF LEGAL PROCEEDINGS WITH AIRASIA BERHAD AND AIRASIA X BERHAD

We refer to our Announcement dated 10 August 2022.

 

The Board of Directors of Malaysia Airports Holdings Berhad (“the Company”) wishes to announce that through a series of communications between the Company and AirAsia Berhad, and AirAsia X Berhad (collectively, “AirAsia”), the parties agreed to discontinue all civil suits between the Company and AirAsia, which was effected by appropriate filings in court on 9 August 2022. Save for the mutual agreement to discontinue the legal proceedings, there was no other settlement agreement entered into by the parties.

 

This Announcement is dated 15 August 2022.






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