AirAsia X Reaches Ground Handling Agreement with Indonesia AirAsia

April 6, 2017
AirAsia X Bhd (AAX) and PT Indonesia AirAsia (IAA) have reached an agreement stating the latter will provide ground handling services for the other.

AirAsia X Bhd (AAX) and PT Indonesia AirAsia (IAA) have reached an agreement stating the latter will provide ground handling services for the other.

Citing a filing with Bursa Malaysia, The Star reported the IATA standard ground handling agreement is valid for a one-year period ending Feb 28, 2018. According to the article, IAA is deemed to be a related party to AAX because AirAsia Bhd has an indirect 49 percentinterest in IAA and AirAsia Bhd directors and major shareholders Datuk Kamarudin Meranun and Tan Sri Tony Fernandes are also the directors and major shareholders in AAX.