Nov 11 (Reuters) - Airasia Group Bhd AIRA.KL :
* AIRASIA BERHAD ENTERED INTO A PROFIT SHARING AGREEMENT
WITH
AIRASIA X BERHAD
* AIRASIA X WILL SHARE 50% OF THE NET OPERATING PROFIT OF
THE
ROUTE WITH AAB ON A MONTHLY BASIS THROUGHOUT THE TERM OF THE
AGREEMENT
* DEAL FOR TRANSFER OF TWO SLOTS OF KUALA LUMPUR – SINGAPORE
ROUTE
FROM AAB TO AIRASIA X
* AGREEMENT SHALL BE EFFECTIVE FOR A PERIOD OF 1 YEAR; MAY
BE
RENEWED FOR ANOTHER YEAR BY MUTUAL AGREEMENT
Source text http://www.bursamalaysia.com/market/listed-companies/company-announcements/6336029
Further company coverage: AIRA.KL
(Reuters.Briefs@thomsonreuters.com)