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MAHB, AirAsia parent Capital A end legal dispute

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Publish date: Wed, 10 Aug 2022, 06:16 PM

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) and its subsidiary Malaysia Airports (Sepang) Sdn Bhd as well as Capital A Bhd have announced the discontinuation of legal proceedings between all parties.

MAHB managing director Datuk Iskandar Mizal Mahmood said there were no longer any legal proceedings or material litigation from MAHB against AirAsia Bhd or AirAsia X Bhd as they moved ahead to build a stronger platform for the aviation ecosystem.

"We believe that close collaboration with all stakeholders within the aviation ecosystem is key in propelling us towards growth for both the industry and the country.

"We are committed towards working together for the mutual benefit and success of all the aviation stakeholders i.e. airlines, airports, passengers and the industry," he said in a statement today. 

Capital A chief executive officer Tan Sri Tony Fernandes said AirAsia and AirAsia X had withdrawn all legal proceedings as they look forward to working together for a better future.

"As the world recovers from the pandemic, and substantial losses in the aviation sector in particular, it is integral that all stakeholders work together to stimulate the air travel revival.

"As two major players driving the aviation ecosystem, it is more important than ever that MAHB and our Malaysian based airlines AirAsia Bhd and AirAsia X Bhd, show solidarity in making Malaysia's aviation industry competitive and attractive again," said Fernandes.

He added that the company was thrilled to have found common ground to reach an amicable outcome on the resolution of any outstanding matters with MAHB, through supportive and constructive dialogue in the spirit of the partnership.

The outcome bodes well to support the speedy recovery of the industry and to stimulate Malaysia's tourism and economic growth, he said.

"We thank MAHB for their support to make air travel out of our main hub in Kuala Lumpur International Airport 2 not only affordable for many millions of passengers each year but also with a mutual commitment to work with us on improved services to build a better tourism industry in Malaysia for the future, which is a win win for us all," he added.

Details of the ongoing discussions between MAHB and AirAsia/AirAsia X will continue in good faith and are commercial in confidence.

https://www.nst.com.my/business/2022/08/821190/mahb-airasia-parent-capital-end-legal-dispute

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