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BackAug 23, 2011

 

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

1. Vietnam Joint Venture

Following the announcement on 24 May 2011 by AirAsia on the above matter, AirAsia wishes to update that there has been no change in the status of the above proposed Vietnam Joint Venture since the last AirAsia quarterly announcement.


2. Philippines Joint Venture

There is no change in the status of the above since the previous Bursa Announcement.


3. Expedia Inc. Joint Venture

Following the announcements on 24 May 2011 and 7 June 2011 by AirAsia on the above matter, the Company is pleased to announce that it has through AirAsia Exp Pte. Ltd., a wholly-owned subsidiary of AirAsia Go Holiday Sdn Bhd, which in turn is a wholly-owned subsidiary of AirAsia, along with Expedia Inc. through Expedia Southeast Asia Pte. Ltd., as at 19 August 2011 each subscribed an aggregate of 12,288,559 ordinary shares at SGD 1 per share, representing fifty percent (50%) of the paid-up capital in AAE Travel Pte. Ltd.

Please refer to General Announcement (Reference No.: CM-110819-62457) made by AirAsia on 19 August 2011 for more details.


4. Japan Joint Venture

Following the announcement on 21 July 2011 by AirAsia on the above matter, AirAsia wishes to update that there has been no change in the status of the above proposed Japan Joint Venture.


5. CAE International Holdings Ltd. (“CAE”) Joint Venture

Following the announcement on 20 June 2011 by AirAsia on the above matter, AirAsia wishes to update that Asian Aviation Centre of Excellence Sdn Bhd started operations on 1 July 2011 providing pilot training services (as stated in our announcement dated 20 June 2011) to the AirAsia Group of companies and third party clients.


This announcement is dated 23 August 2011.

 

 


Announcement Info

Company Name AIRASIA BERHAD  
Stock Name AIRASIA    
Date Announced 23 Aug 2011  
Category General Announcement
Reference No CMC-110823-64394