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

BackJul 06, 2011
Type Announcement
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.

 


Announcement Info

Company Name AIRASIA BERHAD  
Stock Name AIRASIA    
Date Announced 6 Jul 2011  
Category General Announcement
Reference No CM-110706-65895

Attachments

  1. Ancillary_Income_Agreement.pdf (Size: 82,515 bytes)