In a Bursa Malaysia filing today, AAX said this is for the United Nations Interim Force in Lebanon’s peacekeeping mission from Oct 1 to Sept 30, 2026.

“The contract is worth RM29.7 million and will be paid in the course of three years.

“Upon completion of each yearly operation of the charter operation, AAX shall provide an invoice to AAB for the relevant amount payable for the four operations in that particular year,” it said in a filing with Bursa Malaysia.

AAX said it has excess capacity available to cater to the requested charter operation and with a view to generating revenue of 27% projected margin, hence the agreement with AAB.

The charter operation is expected to involve a total of four return charter flights per year between TUDM Subang Airport and Beirut–Rafic Hariri International Airport.

“This involves an aircraft seat capacity of a minimum of 270 passengers, including inflight meals, cargo tonnage of 18 tonnes, and insurance,” it stated.

In addition, it said that the charter operation also includes ancillary services such as providing accommodation and “door to door” services to move the MALBATT forces and civilian personnel including baggage and cargo from their respective bases in Kuantan, Pahang and Port Dickson, Negeri Sembilan to TUDM Subang and vice versa.

A separate statement noted that AAB was awarded the contract following a defence ministry tender process that was open to all Malaysian carriers.

A requirement was that the carrier must possess a valid registered account with the finance ministry in order to participate in the tender, the statement said.

“As AAX does not have a valid account with finance ministry, the tender was submitted by AAB based on AAX’s pricing.

“The total amount transacted between the company and the related parties and/or persons connected with them for the preceding 12 months is RM360,546.79,” AAB said.