My Account Menu

CAPA Login


Register to trial CAPA Membership!

AirAsia receives Ministry of Finance approval for its investment allowance incentive application

26-Oct-2005

SYDNEY (Centre for Asia Pacific Aviation) - AirAsia announced it has received Ministry of Finance approval for its investment allowance incentive application.

The allowance constitutes an income tax exemption equal to 60% of qualifying capital expenditure (ie. fleet purchases) incurred within a period of five years (01-Jul-04 to 30-Jun-09).

"We're delighted as this effectively re-enhances AirAsia's position as the lowest cost airline in the world, and our competitors will find it tough to match our cost structure. This also helps to ease our financial obligations since we are spending billions to expand our business and enhance our service," Tony Fernandes, CEO.

News such as this is included every month in Airport Investor Monthly – the only global source for latest developments in airport privatisation, finance and construction. Click the icon below for more information.

aim.gif


Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.