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AirAsia X gets leave from court to hold meetings with creditors


KUALA LUMPUR (Feb 19): The High Court here today granted leave for budget airline AirAsia X Bhd (AAX) to hold meetings with its creditors.
The court has also separated the 14 creditors into three different classifications the first being Malaysia Airports Holdings Bhd (MAHB), the second consists of the other creditors, and the third being aircraft maker Airbus.
The decision today was made by Judicial Commissioner Ong Chee Kwan via video proceedings.
In his decision, Ong surmised that the case does not involve ‘proprietary claims’ of the creditors nor does it involve alteration of the creditors’ rights with third parties.
The court said that AAX has failed to demonstrate that they are capable of reviving its financial health. ....

Kuala Lumpur , Gopal Sreenevasan , Airasiax Bhd , Chee Kuan , Aviation Ltd , Macquarie Aircraft Leasing Services , Lim Chee Wee Partnership , Malaysia Airports Holdings Bhd , High Court , Judicial Commissioner Ong Chee Kuan , Lavender Leasing , Kwan Will Sen , Lim Chee Wee , குவாலா லம்பூர் , சீ குவான் , விமான போக்குவரத்து லிமிடெட் , மக்வரீ வான்கலம் குத்தகை சேவைகள் , லிம் சீ வீ கூட்டு , மலேசியா விமான நிலையங்கள் ஹோல்டிங்ஸ் ப்ட் , உயர் நீதிமன்றம் , நீதித்துறை ஆணையர் ஓங் சீ குவான் , லாவெண்டர் குத்தகை , க்வ்யாந் விருப்பம் சென் , லிம் சீ வீ ,

RM10m fines against AirAsia, MAS over short-lived collaboration justified, says MyCC


PUTRAJAYA (Feb 5): The imposition of a RM10 million fine each against AirAsia Group Bhd, its subsidiary AirAsia X Bhd (AAX) and then Malaysian Airline System Bhd (MAS) over their short-lived collaboration was justified as their partnership went against competition laws, said the Malaysia Competition Commission (MyCC) today.
In his submission before the Court of Appeal to uphold the High Court s decision, MyCC counsel Datuk Lim Chee Wee said in 2010, MAS wanted to go head-to-head with AirAsia by having its own subsidiary, low-cost carrier (LCC) Firefly, ply some of the same routes.
He added that the Competition Act 2010 was supposed to promote economic development by promoting and protecting the process of competition, thereby protecting the interests of consumers , as per the act. ....

Kota Kinabalu , Datuk Lee Swee Seng , Airasiax Bhd , Tengku Azmil , Justice Datuk Nordin Hassan , Azmil Zahruddin , Datuk Hanipah Farikullah , Federation Of Malaysian Consumers Association , Commission My , Malaysian Airline System Bhd , Airasia Group Bhd , Malaysian Aviation Commission Mavcom , High Court , Datuk Lim Chee Wee , Competition Act , Tengku Datuk Seri Azmil Zahruddin , Darth Vader , Malaysian Consumers Association , Competition Appeal Tribunal , Kwan Will Sen , Malaysian Aviation Commission , Justices Datuk Hanipah Farikullah , Datuk Mohd Sofian Abdul Razak , கூட்டமைப்பு ஆஃப் மலேசியன் நுகர்வோர் சங்கம் , தரகு என் , மலேசியன் வானெறி அமைப்பு ப்ட் ,

Grounded PIA Plane Returns to Islamabad Airport from Malaysia


Grounded PIA Plane Returns to Islamabad Airport from Malaysia
The controversial Pakistan International Airlines (PIA) aircraft that had been grounded in Malaysia over a legal dispute has finally reached Islamabad International Airport with 173 passengers and crew members on board.
The Boeing 777 aircraft was returned to Pakistan via the commercial flight PK 895 from Kuala Lumpur on Friday.
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It had previously been impounded for nearly two weeks by the Malaysian authorities due to a British court case over its lease.
PIA has reportedly reached an out-of-court agreement with the leasing firm, which is why the Malaysian court dismissed the case with the mutual consent of both parties and ordered for the immediate release of the plane. ....

Kuala Lumpur , United Kingdom , Islamabad International Airport , Pakistan International Airlines , Pakistan International Airlines Corp , Kwan Will Sen , குவாலா லம்பூர் , ஒன்றுபட்டது கிஂக்டம் , இஸ்லாமாபாத் சர்வதேச விமான , பாக்கிஸ்தான் சர்வதேச விமான நிறுவனங்கள் , பாக்கிஸ்தான் சர்வதேச விமான நிறுவனங்கள் கார்ப் , க்வ்யாந் விருப்பம் சென் ,

Court orders Malaysian govt to release Pakistan International Airlines plane


The order was made by High Court judicial commissioner Atan Mustaffa Yussof Ahmad in proceedings this afternoon.
Lawyer Kwan Will Sen from Messrs Lim Chee Wee Partnership for PIA confirmed the decision today.
“The lessor, Peregrine Aviation Charlie Ltd, and PIA, have arrived at an amicable settlement of the dispute between them. Peregrine has agreed to withdraw its suit against PIA and for the injunction orders to be set aside.
“With this, the two Boeing aircraft operated by PIA would be released with immediate effect,” Kwan told
theedgemarkets.com.
Kwan appeared with Joyce Lim while Malaysia Airports Holdings Bhd (MAHB) and Malaysia Airports (Sepang) Sdn Bhd (MASSB) were represented by Shannon Rajan. ....

Kuala Lumpur , United Kingdom , Abdullahh Khan , Atan Mustaffa Yussof Ahmad , A Pakistan International Airlines , Peregrine Aviation Co Ltd , Kuala Lumpur High Court On Jan , Messrs Lim Chew Wee Partnership , Peregrine Aviation Charlie Ltd , Kuala Lumpur International Airport , National Commercial Bank , High Court , Pakistan International Airlines , Kwan Will Sen , Kuala Lumpur High Court , Dublin Based Aercap , குவாலா லம்பூர் , ஒன்றுபட்டது கிஂக்டம் , பெரிக்‌ரிந் விமான போக்குவரத்து இணை லிமிடெட் , குவாலா லம்பூர் உயர் நீதிமன்றம் ஆன் ஜான் , நட்வர் லிம் மெல் வீ கூட்டு , பெரிக்‌ரிந் விமான போக்குவரத்து சார்லி லிமிடெட் , குவாலா லம்பூர் சர்வதேச விமான , தேசிய வணிகரீதியானது வங்கி , உயர் நீதிமன்றம் , பாக்கிஸ்தான் சர்வதேச விமான நிறுவனங்கள் ,