Saturday 20 Apr 2024
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KUALA LUMPUR (April 3): PT Indonesia AirAsia (IAA) will now provide AirAsia X Bhd with ground handling services for all its inbound and outbound flights from the Indonesian stations where it operates.

In its filing to Bursa Malaysia today, AirAsia X said the agreement will be for a contract price of RM780,000.

"The agreement shall be valid from March 1, 2017 to Feb 28, 2018, and shall continue in force until the expiry date unless a 60 days' prior written notice is given by either party to the other party," it added.

AirAsia X said the agreement will not create any material financial impact for the current financial year ending Dec 31, 2017 nor on the group's share capital and substantial shareholdings.

AirAsia X shares closed down half a sen at 39.5 sen today for a market capitalisation of RM1.66 billion.

 

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