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Name of entity
Country of
incorporation
Group’s effective
equity interest
Principal activities
2017
%
2016
%
Held by IAA
PT Garda Tawang Reksa Indonesia
(“GTRI”)
+
Indonesia
32.4
–
Provision of airport related services
Held by AGH
AirAsia Exp Pte Ltd (“AAE”)
+
Singapore
100
100
Investment holding
Held by AAC
Asia Aviation Capital Private Limited
(“AACPL”)
Singapore
100
100
Providing supporting services to air
transport
Held by AACPL
Asia Aviation Capital Ireland Limited
(“AACIL”)
Ireland
100
–
Providing supporting services to air
transport
AAC1 Pte Ltd (“AAC1”)
Singapore
100
–
Providing supporting services to air
transport
AAC2 Pte Ltd (“AAC2”)
Singapore
100
–
Providing supporting services to air
transport
AAC3 Pte Ltd (“AAC3”)
Singapore
100
–
Providing supporting services to air
transport
AAC4 Pte Ltd (“AAC4”)
Singapore
100
–
Providing supporting services to air
transport
Held by AACIL
Clifden Aviation 1 Limited (“CA1”)
Ireland
100
–
Providing supporting services to air
transport
Clifden Aviation 2 Limited (“CA2”)
Ireland
100
–
Providing supporting services to air
transport
12. Investment in subsidiaries (cont’d.)
The details of the subsidiaries are as follows: (cont’d.)
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017
[ ]
AirAsia Berhad
REPORTS AND FINANCIAL STATEMENTS
286