AirAsia countersues MAHB for more than RM400mil

The fund, called RedBeat Capital, will focus on post-seed stage startups engaged in travel and lifestyle, financial technology, artificial intelligence and cybersecurity.

PETALING JAYA: Budget airline AirAsia Bhd seeks more than RM400mil in counterclaims against Malaysia Airports Holding Bhd (MAHB) in response to a suit filed by the airport operator last month over airport taxes.

The counterclaims were for losses and damages experienced by AirAsia and its long-haul sister airline, Air Asia X Bhd, due to alleged operational disruptions at Kuala Lumpur International Airport 2 (KLIA2), the airline said.