TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS

Company Name CAPITAL A BERHAD
Stock Name CAPITALA
Date Announced 05 Jul 2022
Category General Announcement for PLC
Reference Number GA1-04072022-00058

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
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.



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