MAHB, Capital A shares up after ending legal proceedings
Published on: Thursday, August 11, 2022
By: Bernama
MAHB’s shares rose by six sen to RM6.34, and Capital A gained one sen to 64.5 sen at 10am today. (Bernama pic)
Kuala Lumpur: Shares of Malaysia Airports Holdings Bhd (MAHB) and Capital A Bhd on Bursa Malaysia were up this morning following the announcement of the aviation industry players’ decision to drop all legal charges against each other.
At 10am, MAHB’s shares rose by six sen to RM6.34, while Capital A gained one sen to 64.5 sen.
ADVERTISEMENT
In a joint statement yesterday, MAHB managing director Iskandar Mizal Mahmood said there were no longer any legal proceedings or material litigation from MAHB against AirAsia Bhd/AirAsia X Bhd, operated by Capital A.
He said that close collaboration with all stakeholders within the aviation ecosystem was key in propelling the industry and the country’s growth.
Capital A chief executive officer Tony Fernandes said AirAsia and AirAsia X had also withdrawn all legal proceedings as the group looked forward to working together for a better future.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.
ADVERTISEMENT
“As two major players driving the aviation ecosystem, it is now 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 said.
Stay up-to-date by following Daily Express’s Telegram channel.
Daily Express Malaysia
ADVERTISEMENT
* Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
