News


Transactions (Chapter 10 Of Listing Requirements) : Recurrent Related Party Transactions

BackMay 25, 2018
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description

AIRASIA GROUP BERHAD ("AirAsia" or "the Company")
RECURRENT RELATED PARTY TRANSACTIONS ("RRPT")

The Company wishes to announce that the actual value of the following RRPT has exceeded the estimated value of the RRPT disclosed in the Circular to Shareholders dated 28 April 2017 issued by its wholly owned subsidiary, AirAsia Berhad (“AAB”) (“Estimated Value”):-

Related Party

Nature of Transaction

Estimated Value

Actual value of RRPT to date (RM)

Variance

Variance (%)

Thai AirAsia X Co. Ltd

(“TAAX”)

Provision of the rights by AAB to TAAX as a licensee to operate scheduled air services under the trade name and livery of AirAsia

USD3,970,942

(RM17,591,273)

USD4,617,000 (RM18,098,640)

USD646,058

16.3

 

 

 

 

 

 

 

The variance between the actual amount charged and the estimated value was due to the actual performance of TAAX which exceeded their budgets, in providing scheduled air services under the trade name and livery of AirAsia.

This announcement is dated 25 May 2018.

 

 





 


Announcement Info

Company Name AIRASIA GROUP BERHAD
Stock Name AIRASIA
Date Announced 25 May 2018
Category General Announcement for PLC
Reference Number GA1-24052018-00096