AirAsia is pleased to announce that it has, through its wholly-owned subsidiary AirAsia Investment Limited (“AAIL”) on 16 September 2016 incorporated a wholly-owned subsidiary company in Singapore known as AirAsia Pte. Ltd. (Company No.: 201625390C) ("Company"), a private limited company incorporated under the Singapore Companies Act, Cap.50 with its registered office situated at 137 Market Street, #04-01 Grace Global Raffles, Singapore 048943. 

Information of the Company

The principal activity of the Company is airlines operation services. In the course of its business operations, the Company will also act as a management services company dealing with relevant authorities and service providers in Singapore. 

The issued share capital of the Company is Singapore Dollar One Million (SGD 1,000,000) comprising 1,000,000 number of ordinary shares of SGD 1 each.

The Directors of the Company are Tan Sri Dr. Anthony Francis Fernandes, Datuk Kamarudin Bin Meranun and V Loganathan s/o Velaitham.

The incorporation of the Company is not expected to have any immediate effect on the issued and paid-up share capital or substantial shareholders' shareholdings of AirAsia.

None of the Directors and major shareholders of the Company has any interest in the said incorporation, save for their interests arising by way of their directorships and/or shareholdings, as the case may be via AirAsia.

This announcement is dated 19 September 2016.