|Description||AIRASIA BERHAD (“AIRASIA”)
Expedia, Inc. (“Expedia”) Joint Venture
Following the announcement on 29 March 2011 by AirAsia on the above matter, AirAsia wishes to update that AirAsia and Expedia are progressing towards the completion of the transaction and the incorporation of the Joint Venture Company in Singapore. Concurrently, both Expedia and AirAsia are seeking preferential tax status from the Singapore tax authorities for the benefit of the Joint Venture Company.
This announcement is dated 24 May 2011.
|Company Name||AIRASIA BERHAD|
|Date Announced||24 May 2011|