We refer to the query raised by Bursa Malaysia Securities Berhad (“Bursa Malaysia”) on 5 August 2016 pertaining to articles appearing in New Straits Times and The Star today.   

AirAsia is continuously assessing and evaluating any corporate proposal that may enhance its shareholders value such as acquisitions, asset divestment and corporate restructuring. While the Company's management is currently looking at a number of options, no decision will be made on any proposal without the matter being approved by the Board. 

With regards to the reported proposed divestment of Asia Aviation Capital Limited, the Company wishes to clarify that its Board of Directors has not been presented with any proposal or deliberated on the transaction. 

As part of our corporate disclosure policy, we will make the necessary disclosures to Bursa Malaysia as and when there are material developments on this matter in accordance with the Main Market Listing Requirements.

This announcement is dated 5 August 2016.