Malaysian Airline System Bhd (MAS) is taking legal advice to challenge the claim by Air Maldives Ltd, which alleged MAS failed to perform its duties under a management agreement sealed by both parties.
In its filing to Bursa Malaysia, the national carrier said however, it was not possible for the claim to have any effect on its financial position.
"This is because the notice of arbitration forwarded by the secretariat of the International Chamber of Commerce Court of Arbitration does not specify the amounts claimed by Air Maldives from MAS.
"It also does not provide sufficient information to enable the national carrier to meaningfully assess the quantum of the airline's claim," it said.
On May 15, MAS received a letter from the secretariat on an arbitration proceeding initiated by Air Maldives.
Air Maldives has alleged MAS failed to perform its duties under a management agreement dated Jan 16, 1996.-Bernama
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