Transactions (Chapter 10 Of Listing Requirements):Related Party Transactions
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
|Description||Ancillary Income Sharing Agreement|
AirAsia Berhad (“AirAsia” or “the Company”) is pleased to announce that it has today entered into an Ancillary Income Sharing Agreement (“the Agreement”) with AirAsia X Sdn Bhd (“AAX”) for the distribution of profits arising from the following ancillary income streams:
(a) E Gift Vouchers;
(b) Travel 3Sixty Magazine;
(c) Co-Brand Credit Cards; and
(d) Profits from the Joint Venture between AirAsia and Expedia, Inc. (“AirAsia-Expedia JV”) where inventory is provided by AAX.
Kindly refer to the attachment for further details.
This announcement is dated 6th July 2011.
|Company Name||AIRASIA BERHAD|
|Date Announced||6 Jul 2011|
- Ancillary_Income_Agreement.pdf (Size: 82,515 bytes)