Bursa Filings
Memorandum Of Understanding
| Type | Announcement |
| Subject | MEMORANDUM OF UNDERSTANDING |
| Description |
CAPITAL A BERHAD (FORMERLY KNOWN AS AIRASIA GROUP BERHAD) ("CAPITAL A" OR "THE COMPANY") - NON-BINDING MEMORANDUM OF UNDERSTANDING BETWEEN AVOLON AEROSPACE LEASING AND AIRASIA AVIATION GROUP LIMITED (FORMERLY KNOWN AS AIRASIA INVESTMENT LIMITED), A WHOLLY-OWNED SUBSIDIARY OF CAPITAL A |
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The Board of Directors of the Company wishes to announce that AirAsia Aviation Group Limited (formerly known as AirAsia Investment Limited), a wholly-owned subsidiary of Capital A, had on 16 February 2022 entered into a non-binding Memorandum of Understanding (“MOU”) with Avolon Aerospace Leasing in relation to (i) set up a Joint Working Group to understand study and research on the feasibility of Urban Air Mobility in ASEAN region; and (ii) evaluate the feasibility to lease up to 100 Vertical VX4 Electric Vertical Take-off and Landing aircraft.
Please refer to the attachment for further details of the MOU.
This announcement is dated 16 February 2022. |
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Please refer attachment below.
Announcement Info
| Company Name | CAPITAL A BERHAD |
| Stock Name | CAPITALA |
| Date Announced | 16 Feb 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-15022022-00026 |
Attachments
- MOU_between_AAGL_and_Avolon.pdf (Size: bytes)