Cessation Of Operations Of Airasia Japan Co., Ltd. ("AAJ"), An Associate Company Of AAGB
AIRASIA GROUP BERHAD ("AAGB" or THE "COMPANY") - CESSATION OF OPERATIONS OF AIRASIA JAPAN CO., LTD. ("AAJ"), AN ASSOCIATE COMPANY OF AAGB
The Company wishes to announce that it has today been notified of the decision taken by the Board of Directors of AAJ to cease its operations with immediate effect. We respect and have agreed to the decision made by AAJ as this would reduce the cash burn of AAJ and the Company amid the highly challenging operating conditions in Japan which have been aggravated by the COVID-19 pandemic that has plagued the world since early this year.
We shall make further disclosures as necessary on this matter in due course.
This announcement is dated 5 October 2020.
|Company Name||AIRASIA GROUP BERHAD|
|Date Announced||05 Oct 2020|
|Category||General Announcement for PLC|