Asia Aviation Capital Announces Appointment of Deputy Chief Executive Officer and Chief Financial Officer

SEPANG, 21 SEPTEMBER 2016

AirAsia Berhad’s aircraft leasing unit Asia Aviation Capital Ltd (AACL) today announced the appointment of Simon Perkins as its Deputy Chief Executive Officer and Chief Financial Officer effective 1 October 2016.

Perkins, a British national, has a strong background in accounting, risk management and banking operations with 20 years experience in both the commercial and banking/leasing industries in Asia and Europe.

In his most recent role as Standard Chartered Bank's Head of Asia Pacific Aviation Finance based in Singapore, Perkins was responsible for building the bank's Asian aviation finance business from inception into a multi-billion dollar business.

His team originated and executed aircraft operating leases, multi-currency debt financing and provided aviation advisory services, including financing strategies and sales of aircraft, for more than 150 aircraft during the eight-year period.

Perkins was previously Standard Chartered Bank's Chief Operating Officer, Corporate Finance in Singapore, and also worked at UBS in London and Singapore and KPMG in London.

He is a Chartered Accountant who holds a BSc (Hons) Economics and Accounting from Bristol University in the UK.

AirAsia Group Chief Executive Officer Tony Fernandes said, "Simon is a welcome addition to the AACL top management roster, with his solid accounting background and thorough knowledge of aircraft transactions. His success in building an aircraft financing business in Asia from scratch shows he is the right man for the job as we develop business opportunities in the region and beyond. Simon and our newly appointed CEO Stéphane Daillencourt are a great combination and the best team to catapult AACL into the big league."

Simon Perkins said, "I am delighted to join AACL. The business is entering an exciting phase and I look forward to working with the team to drive the business forward."