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BackMay 24, 2011

 

Type Announcement
Subject OTHERS
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.

 


Announcement Info

Company Name AIRASIA BERHAD  
Stock Name AIRASIA    
Date Announced 24 May 2011  
Category General Announcement
Reference No CMC-110524-4A5B6