Tuesday, January 5, 2010

AirAsia incorporates wholly-owned subsidiary in the UK

30 December 2009

AirAsia Berhad (AirAsia or the Company) is pleased to announce that it has incorporated a wholly-owned subsidiary in United Kingdom known as Asia Air Limited (AAL) (the Transaction) with its registered office situated at 41, Chalton Street, London, NW1 1JD. The objective of establishing AAL is to facilitate business transaction of AirAsia Group.

Information on AAL

AAL is a limited liability company and it was incorporated on 21st December 2009. The issued and paid-up capital of AAL is GBP1.00 only comprising one ordinary share of GBP1.00 each.

Financial effects of the Transaction.
The Transaction is not expected to have any material effect on the earnings and net tangible assets of the AirAsia Group for the financial year ending 31 December, 2009.

Directors' and/or Substantial Shareholders' and/or Persons Connected with Directors or Substantial Shareholder' Interest.

To the best of the knowledge of the Company, none of the Directors or Substantial Shareholders of the Company and/or persons connected to them has any interest, directly or indirectly, in the above Transaction.

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