AirAsia X

For consistency purposes, abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcements made by the Company on 4 September 2020, 20 November 2020 and 8 December 2020.

Reference is made to the Company’s announcements on 4 September 2020, 20 November 2020 and 8 December 2020 on the claim filed in the High Court of Justice in the Business and Property Courts of England and Wales (“the English High Court”) by BOCA against the Company and AAX Leasing Two (“said Claim”), the summary judgment granted by the English High Court on 6 November 2020 in respect of the said Claim (“the Summary Judgment”), the order of the High Court of Malaya dated 7 December 2020 registering the Summary Judgment as judgment of the High Court of Malaya and the Notice to Judgment Debtors of Registration of Foreign Judgment dated 7 December 2020 filed in the High Court of Malaya at Kuala Lumpur in respect of the Summary Judgment.

As an update, the Company wishes to announce that the Company had on 14 December 2020, filed and served on the solicitors of BOCA an application to set aside the Summary Judgment as judgment of the High Court of Malaya (“Application to Set Aside”) and the matter is fixed for further case management on 8 February 2021.

For information, the Company did not enter appearance in the said Claim in view of the proposed debt restructuring exercise of the Company.

The Company will make the necessary announcements on further developments of the above matter as and when necessary.

This announcement is dated 31 December 2020.