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BUSINESS

MAHB, Capital A end legal proceedings, will promote tourism and travel industry

10/08/2022 06:19 PM

KUALA LUMPUR, Aug 10 (Bernama) -- Malaysia Airports Holdings Bhd (MAHB), its subsidiary Malaysia Airports (Sepang) Sdn Bhd and Capital A Bhd, the holding company of AirAsia Aviation Group Ltd, have announced the discontinuance of legal proceedings between all parties.

MAHB managing director Datuk Iskandar Mizal Mahmood said there are no longer any legal proceedings or material litigation from MAHB against AirAsia Bhd/AirAsia X Bhd.

“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 to 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 joint statement.

Capital A chief executive officer Tan Sri Tony Fernandes said AirAsia and AirAsia X have also withdrawn all legal proceedings as we look forward to working together for a better future.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 Malaysia-based airlines AirAsia and AirAsia X, show solidarity in making Malaysia’s aviation industry competitive and attractive again,” he added.

Fernandes further said the company is 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.

“This bodes well to support the speedy recovery of the industry and to stimulate Malaysia’s tourism and economic growth.

“We thank MAHB for their support to make air travel out of our main hub in klia2 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.

-- BERNAMA

 

 

 


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