AirAsia Berhad (“AirAsia” or “the Company”) is pleased to announce that the Company will today be executing a Shareholders Agreement (“the Agreement”) with All Nippon Airways Co., Ltd (“ANA”) of Japan.

The Agreement is formalised for the purpose of forging a joint venture cooperation between AirAsia and ANA to establish a low cost airline in Japan based on the successful AirAsia business model (“the Joint Venture”).  The company to be incorporated in Japan for the Joint Venture is named AirAsia Japan Co., Ltd.  (“AirAsia Japan”).

Please refer to the attachment for further details.

This announcement is dated 21^st July 2011.

Announcement Info