Further to the announcement dated 16 December 2010 in relation to a joint venture in the Philippines between AirAsia Berhad ("AirAsia" or “the Company") through its wholly-owned subsidiary AirAsia Investment Ltd. (formerly known as AA International Ltd) and  Antonio O. Cojuangco Jr., Michael R Romero and Marianne B. Hontiveros, the Company is pleased to announce that the joint venture entity incorporated by the parties to establish a low cost airline in the Philippines, AirAsia Inc. (“AAI”) had on 7 February 2012 obtained an Air Operators Certificate (“AOC”) from the Civil Aviation Authority of the Philippines.

The AOC shall enable AAI to operate aircraft in its fleet for commercial flights to international and domestic destinations.  AAI’s first commercial flight is expected to commence in March or April 2012.

This announcement is dated 8 February, 2012.