KUALA LUMPUR (Sep 19): AirAsia Group Bhd and AirAsia X Bhd (AAX) have collectively paid RM41.55 million to Malaysia Airports Holdings Bhd (MAHB) in uncollected passenger service charges (PSC).

In filings with Bursa Malaysia today, AirAsia Group said it paid RM14.16 million to MAHB’s wholly-owned subsidiary Malaysia Airports (Sepang) Sdn Bhd (MASSB), while AAX paid RM27.39 million, both being the amounts specified in the Garnishee Show Cause Order dated Aug 23 this year.

Both companies said the payment was made to defray the garnishee execution proceedings and without prejudice to their rights, including rights in appeals made in relation to the judgement order dated Jul 18, 2019, as well as any connected interlocutory applications.

On Sept 6, MASSB had served garnishee show cause orders dated Aug 23, 2019 on three banks that serve AirAsia and AAX, directing such banks to set aside certain funds for the purposes of payment of the judgment sums.

A garnishee order is a form of enforcing a judgment debt against a creditor to recover money.

On July 18, the High Court ruled that AirAsia and AAX would have to pay at least RM40.6 million in unpaid PSC to MASSB.

AirAsia Group fell one sen or 0.56% to RM1.79 today, valuing it at RM5.98 billion, while AAX closed unchanged at 17 sen for a market capitalisation of RM705.19 million.