Mr. Thandalam Veeravalli Thirumala Chari, a senior finance professional and Ms. Khoo Gaik Bee, HR maven, join AAAGL as Independent Non-Executive Directors

SEPANG, 9 August 2022 - AirAsia Aviation Group Limited (AAAGL), the holding company for Capital A's airline group, announces the expansion of its board of directors with the appointment of Mr. Thandalam Veeravalli Thirumala Chari and Ms. Khoo Gaik Bee as Independent Non-Executive Directors.

The addition of the two new board of directors will bring additional skill sets in line with its plan to strengthen the board. The airline group recently posted significant performance improvements across all key metrics, including a 633% increase in the number of passengers and a notable load factor of 84% in Q222, akin to its pre-pandemic levels. AAAGL is now charting a steady course to return to 100% capacity on the majority of its most popular routes by the first quarter of 2023.

Tan Sri Jamaludin Ibrahim, Chairman of AAAGL said: "We are delighted to announce the appointment of two new board of directors, Mr. Chari and Ms. Khoo, both of whom bring a wealth of expertise in line with our continued focus on governance, human capital and diversity. Both have over 40 years of invaluable experience in the areas of financial, technology and human resources which are critical to support our next phase of progress and development."

Commenting further, Bo Lingam, Group CEO of AAAGL said: "The combined strength of the newly formed board bodes well for AAAGL to deliver positive returns to our shareholders and most importantly, add greater value to our guests. It is certainly an exciting time as the world is now finally reopening and we have much to contribute to the local and international tourism and economy, everywhere we fly."

In addition to the two new directors, AAAGL board of directors comprises Tan Sri Jamaludin Ibrahim, Suvabha Charoenying, Lim Serh Ghee, Francisco Ed. Lim, Tan Sri Dato' Sri (Dr.) Mohamad Norza Zakaria and Tharumalingam a/l Kanagalingam.

Mr. Thandalam Veeravalli Thirumala Chari, Independent Non-Executive Director

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AirAsia Group Berhad published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 02:05:01 UTC.