Wednesday, 8 May 2013

AirAsia set to venture into shared services

AirAsia Bhd is set to venture into the global shared services business, via the establishment of a new subsidiary, AirAsia Global Shared Services Sdn Bhd (AGSS).

In a filing to Bursa Malaysia today, AirAsia said the objective of establishing AGSS is to provide shared business, support and outsourcing services, develop or use multimedia technologies in producing or enhancing products and services, and for process development and provision of training.

The authorised share capital of AGSS is RM100,000 divided into 100,000 ordinary shares of RM1.00 each, while the issued and paid-up capital of the company is RM2, comprising two ordinary shares of RM1.00 each.

"For the purpose of incorporation, AirAsia subscribed to one ordinary share of RM1.00 and Aireen Omar subscribed to one ordinary share of RM1.00.

"Aireen will be transferring one ordinary share of RM1.00 held by her to AirAsia, making AGSS, a wholly-owned subsidiary of AirAsia," the carrier said.

Aireen is the chief executive officer of AirAsia, overseeing the low-cost carrier's Malaysian operations.

Together with Aireen, Andrew Robert Littledale and Chan Suit Fong, are the directors of AGSS.-- Bernama

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