AirAsia announcement

11-Oct-2011 AirAsia Berhad ("AirAsia" or "the Company") wishes to announce that it will not proceed with the proposed Joint Venture with Vietjet Aviation Joint Stock Company ("Vietjet") entered into on 9th February 2010 following the expiration of the prescribed period to fulfil the various regulatory requirements stipulated under the Share Purchase Agreement and the Shareholders Agreement ("JV Agreements").