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FlyHigh Berhad acquired an airline route authority between Malaysia and Timbuktuwhich expi

FlyHigh Berhad acquired an airline route authority between Malaysia and Timbuktuwhich expi

FlyHigh Berhad acquired an airline route authority between Malaysia and Timbuktuwhich expires in 3 years. The route authority may be renewed every 10 years, andFlyHigh Berhad intends to comply with the applicable rules and regulationssurrounding renewal. Route authority renewals are routinely granted at a minimalcost and historically have been renewed when the airline has complied with theapplicable rules and regulations. FlyHigh Berhad expects to service the routeindefinitely. As the route authority is an identifiable non-monetary asset withoutphysical substance, FlyHigh Berhad has recognized the route authority as anintangible asset.

Tripti 05-Dec-2019

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