AirAsia X

AirAsia X Berhad ("AirAsia X" or "the Company") respectfully refers to the article appearing in The SunBiz dated 2 May 2018 entitled "AirAsia X – We have been paying”.

The Company wishes to announce that it had just on 2 May 2018 evening received a sealed Writ of Summons and Statement of Claim (“Claim”) filed at the High Court of Malaya at Shah Alam (“Court”) from Messrs Skrine, the solicitors acting for Malaysia Airports (Sepang) Sdn Bhd (“MASSB”).

Pursuant to the Claim, MASSB claims against the Company the following: -

(a) a sum of RM33,419,047.64 being Outstanding Airport Charges;

(b) a sum of RM864,686.70 being Outstanding Late Payment Charges payable up to 31 March 2018 in respect of the outstanding airport charges;

(c) a sum of RM583,746.93 for Outstanding Rent Payment;

(d) a sum of RM17,214.69 for Outstanding Late Payment Charges payable up to 31 March 2018 in respect of the Rent;

(e) interest to be assessed by the Court;

(f) costs; and

(g) such further or other relief which the Court deems fit.

The circumstances leading to the filing of the Claim by MASSB is based on MASSB’s contention that the Company had failed and/or neglected to make payment of the items listed in items (a) to (d) of this announcement.

There is no material financial and operational impact on the Company as expenses of this nature are in the ordinary course of business and the same have been provided for in the financial statements. There are also no foreseeable losses arising from the Claim.

The Company’s solicitors are of the opinion that MASSB’s Claim can be legally defended, and further there are sums to be deducted and set off against charges imposed by MASSB. The Company will be filing a defense to MASSB’s Claim.

The Company will make the necessary announcement on any further material development in the above matter in due course.

This announcement is dated 3 May 2018.