AirAsia: General announcement

Reference No CMC-100531-C7F0A

Company Name: AIRASIA BERHAD

Stock Name: AIRASIA

Date Announced: 31/05/2010

Type: Announcement

Subject: AirAsia Berhad

Vietnam Joint Venture

Contents:

Subsequent to the announcement by AirAsia Berhad ("Airasia") on 10 February 2010, the financial due diligence on VietJet Aviation Joint Stock Company has already been completed. Application is being made to the Civil Aviation Authority of Vietnam for the Air Operating Certificate that will permit the operation of a low cost carrier in the Socialist Republic of Vietnam based on the already proven business model of AirAsia in other ASEAN countries.