|Company Name||CAPITAL A BERHAD|
|Date Announced||05 Jul 2022|
|Category||General Announcement for PLC|
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
CAPITAL A BERHAD (FORMERLY KNOWN AS AIRASIA GROUP BERHAD) ("CAPITAL A" OR THE "COMPANY") - WET LEASE AGREEMENT ENTERED INTO BY AIRASIA BERHAD ("AAB"), A WHOLLY-OWNED SUBSIDIARY OF CAPITAL A, WITH AIRASIA X BERHAD ("AAX")
Pursuant to Paragraph 10.08(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”), the Board of Directors of Capital A wishes to announce that AAB, a wholly owned subsidiary of the Company, had on 1 July 2022, entered into a Wet Lease Agreement (“Agreement”) with AAX to govern the terms and conditions of leasing one (1) Airbus A330-343 aircraft with complete crew, maintenance and insurance by AAX to AAB on a wet lease basis in accordance with the terms and conditions of the Agreement.
The Agreement is regarded as a related party transaction pursuant to Paragraph 10.08 of the MMLR.
Please refer to the attachment for further details.
This announcement is dated 5 July 2022.
Please refer attachment below.