Memorandum Of Understanding
|Subject||MEMORANDUM OF UNDERSTANDING
CAPITAL A BERHAD (FORMERLY KNOWN AS AIRASIA GROUP BERHAD) ("CAPITAL A" OR "THE COMPANY") - Update on status of the non-binding Memorandum of Understanding ("MOU") entered between Avolon Aerospace Leasing and AirAsia Aviation Group Limited (formerly known as AirAsia Investment Limited), a wholly-owned subsidiary of Capital A
Further to the announcement made on 16 February 2022, pertaining to the non-binding MOU with Avolon Aerospace Limited, the Board of Directors of the Company wishes to announce the following update in relation thereto:
(i) Setting up of a Joint Working Group (“JWG”) to understand, study and research the feasibility of Urban Air Mobility in the ASEAN region:
(ii) Evaluating the feasibility to lease up to 100 Vertical VX4 Electric Vertical Take-off and Landing aircraft.
This announcement is dated 26 May 2022.
|Company Name||CAPITAL A BERHAD|
|Date Announced||26 May 2022|
|Category||General Announcement for PLC|