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KUALA LUMPURMalaysia Airports Holdings Bhd (MAHB) clarified today that filing a RM 78 million lawsuit against AirAsia X will not derail the latter’s debt restructuring plan.
“Malaysia Airports is exercising its legal rights to recover AirAsia X debt, which is critical to the maintenance and upkeep of airports,” he said in response to a local media news report on October 24 titled “MAHB checkmate AirAsiaX “.
He said the outstanding aviation charges comprise government-regulated charges, including passenger service charges (PSC), passenger service security charges, aircraft parking and landing charges, as well as airlift charges, check-in counter charges. billing and late fees.
“This money will be reinvested in the business to keep the airport running and to ensure that service levels continue to be delivered to passengers. Also, the debt with us is less than 0.01% of the total debt owed in the scheme, ”he said in a statement.
The airport operator noted that AirAsia X has submitted an application for a proposed debt restructuring scheme with its unsecured creditors pursuant to section 366 of the Companies Act 2016.
“Malaysia Airports (Sepang) Sdn Bhd (MASSB) is of the opinion that it is a secured creditor and has therefore requested to be excluded from this scheme.
“The exclusion of MASSB from this scheme will not ‘paralyze AirAsia X’s plans’ or ‘force AirAsia X to withdraw’, as stated in the news report.” He said.
MAHB recognized that the aviation industry is facing very challenging and difficult times due to the pandemic.
“All airlines and airports face the same prospect in terms of traffic contraction and lost revenue. While some airlines have inevitably collapsed due to extreme business conditions, airports face the same extreme conditions.
“However, closing airports is not a conceivable option for the nation. Airports are a strategic and critical national infrastructure that has remained operational throughout the pandemic and will have to continue to survive to the best of its ability to serve the public and ensure that the country is not affected in terms of connectivity, ”he said.
He said that the Malaysia Airports Board has a responsibility to act in the best interest of the company to protect its shareholders, the country’s air transport infrastructure, and more than 10,000 people across the country under the company’s employment.
“We have always treated all of our partner airlines fairly and fairly. Accepting any haircut to an airline will set a precedent for the rest.
“However, we recognize the importance of AirAsia as a key partner and we will continue to involve them to find the best solution in the future,” he added. -Called
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