AirAsia: NO PLANS TO ACQUIRE INDIAN BUDGET CARRIER

SEPANG, 26th NOVEMBER 2012 – AirAsia would like to enlighten the public and its shareholders on the speculation that has been actively spreading in regards to the purchase of an Indian budget carrier.

AirAsia Group Chief Executive Officer Tan Sri Tony Fernandes said “AirAsia rejects the speculation surrounding our possible expansion in India. These reports are completely incorrect. AirAsia has not submitted a bid for the Indian budget carrier, and has no intention of doing so.”