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BackNov 22, 2011

 

Type Announcement
Subject OTHERS
Description AIRASIA BERHAD (“AIRASIA”)
Update on status of Joint Ventures

  1. Tune Money Joint Venture

 

Following the announcement on 20 September 2011 on the above matter, AirAsia wishes to update that there has been no change in the status of the above proposed Tune Money Joint Venture.

 

  1. Philippines Joint Venture

 

Following the announcement on 23 August 2011 on the above matter, AirAsia wishes to update that the issued ordinary share capital of the above Joint Venture company has been increased to PHP468,050,000. AirAsia subscribed for an additional PHP159,095,050 of ordinary shares and maintains a 40% shareholding in the Philippines Joint Venture company.

 

  1. Expedia Inc Joint Venture

 

Following the announcement on 23 August 2011 on the above matter, AirAsia is pleased to announce that AAE Travel Pte Ltd, a Joint Venture company owned by AirAsia Exp Pte Ltd, a wholly-owned subsidiary of AirAsia Go Holiday Sdn Bhd, which in turn is a wholly owned subsidiary of AirAsia, and Expedia Inc, through Expedia Southeast Asia Pte Ltd, has commenced trading as an online travel agency.

 

 

  1. Japan Joint Venture

 

Following the announcement on 1 November 2011 on the above matter, AirAsia wishes to update that there has been no change in the status of the above proposed Japan Joint Venture.

 

This announcement is dated 22 November 2011.

 

 

 


Announcement Info

Company Name AIRASIA BERHAD  
Stock Name AIRASIA    
Date Announced 22 Nov 2011  
Category General Announcement
Reference No CM-111122-63084