MAHB sues AirAsia X over RM35m in unpaid dues

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KUALA LUMPUR (April 30): Malaysia Airports Holdings Bhd (MAHB) is taking legal action against AirAsia X Bhd (AAX), claiming the airline owes it RM34.88 million in outstanding airport charges, rent and late payment charges.

In a filing with Bursa Malaysia today, MAHB said its wholly-owned subsidiary Malaysia Airports (Sepang) Sdn Bhd has on April 27 filed a writ of summons and statement of claim at the Shah Alam High Court on AAX.

Despite numerous demands, the airport operator said AAX has refused and/or failed to pay the outstanding amount.

"The board is of the opinion that it is necessary for Malaysia Airports (Sepang) to pursue the civil suit to best protect its interest," said MAHB.

"The civil suit is not expected to have any material impact on the financial and operational position of the company. Any further updates in respect of any material development will be made from time to time," it added.

MAHB shares closed unchanged at RM9.01 today, giving it a market capitalisation of RM14.95 billion. AAX shares, meanwhile, rose 0.5 sen or 1.32% to close at 38.5 sen for a market value of RM1.6 billion.