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AirAsia named 2011 Frost & Sullivan Asia Pacific Value Airline of the Year

Singapore, 3 June 2011

AirAsia was named the Asia Pacific Value Airline of the Year at the 2011 Frost & Sullivan Asia Pacific Aerospace & Defense Awards ceremony held in Singapore yesterday.

Kathleen Tan, Regional Head of Commercial for AirAsia received the award on behalf of AirAsia.

Kathleen Tan commented, "We are humbled and honoured to receive an award that recognizes industry players with innovative best practices in this highly evolving playing field. We are committed to continue leading the pack of companies that achieve the best performance operationally and financially in aviation. As we are drawing close to our 10th anniversary this year, we are proud to have served the underserved, realized dreams, changed lives and we are looking forward doing more of that as we move along."

The 2011 Frost & Sullivan Asia Pacific Aerospace & Defense Awards recognizes the outstanding performance by companies in the Airlines, Airports, Manufacturing, Mainetance, Repair and Overhaul (MRO), Aviation Training, Defense, General Aviation and Homeland Security segments of the Aerospace and Defense industry. Frost & Sullivan identifies the outstanding industry achievements in the past year by companies in the regional and global markets, through in-depth interviews, market analysis, performance measurements, and benchmarking of market participants to bring unique best practices to fore front.

AirAsia is a forerunner in the industry and has continued to strengthen its position as the largest low-cost carrier in the region. It has seen phenomenal growth since its launch as a low-cost airline in 2001. Together with its low-cost long-haul affiliate AirAsia X, it has flown more than 120 million guests to date. From its hubs in Malaysia, Indonesia and Thailand, it flies approximately 160 routes to all the ASEAN countries, China, Hong Kong, Macau, India, Sri Lanka, Bangladesh and Australia. AirAsia X flies to more destinations in the Asia Pacific, Middle East and Europe.