Bursa Filings


Reply To the Article Appearing In The Edge Newspaper Entitled "Controlling Shareholders May Take AirAsia Private"

Back Oct 07, 2008
Type Announcement
Subject AIRASIA BERHAD (“AIRASIA” OR “COMPANY”)

REPLY TO THE ARTICLE APPEARING IN THE EDGE NEWSPAPER ENTITLED “CONTROLLING SHAREHOLDERS MAY TAKE AIRASIA PRIVATE”
Contents We refer to the article entitled “Controlling shareholders may take AirAsia private” appearing in The Edge newspaper for the week of 6 October 2008 to 12 October 2008 (“Article”).

In relation to the Article and pursuant to a query posed to Tune Air Sdn Bhd (“Tune Air”), our major shareholder, we have been informed that Tune Air is continually exploring various options on how best to optimise and expand the operations of the Company, especially in current times given the volatility of fuel prices, business environment and the financial and capital markets.

One option being considered by Tune Air is a potential privatisation exercise of AirAsia at an indicative price of about RM1.35 per AirAsia share, which is subject to change depending on the market conditions at the point of decision. This option is still being developed and it must be emphasised that this option is subject to the availability of financing on acceptable terms from financial institutions and other potential investors in these challenging times, as well as conducive market and industry conditions. An appropriate announcement will be made when Tune Air has formed a firm intention to proceed or not.


This announcement is dated 7 October 2008.

 


Announcement Info

Company Name AIRASIA BERHAD  
Stock Name AIRASIA    
Date Announced 7 Oct 2008  
Category General Announcement
Reference No CM-081007-65102