Profile History In 2001, Dato Sri Tony Fernandes along with Dato Pahamin Ab. Rajab (Chairman, AirAsia), Dato Kamarudin bin Meranun (Deputy Group Chief Executive Officer, AirAsia) and Abdul Aziz bin Abu Bakar (Director, AirAsia) formed a partnership to set up Tune Air Sdn Bhd and bought AirAsia for a token sum of RM1.00. With the help of Conor Mc Carthy (Director, AirAsia; Director, former Director of Tune Air Sdn Bhd and former Director of Group Operations, Ryanair), AirAsia was remodeled into a low cost carrier and by January 2002, their vision to make air travel more affordable for Malaysians took flight. 1

Ownership Public listed Statistics 2003 2004 2005 2006 2007 Traffic Passengers carried 1,481,097 2,838,822 4,414,069 5,719,411 8,737,939 RPK (million) 1539 2771 4881 6702 9863 ASK (million) 2086 3592 6525 8646 12391 Load Factor 74 77 75 78 80 Employees 648 1382 2016 2224 2924 Number of destinations 11 26 52 65 75 Fleet 7 13 19 26 34 Financial (Malaysia ringgits) Operating Revenue 330 393 718 1071 1603 Passenger Cargo Other Operating Cost 318 332 596 997 1322 Net Result 19 49 101 202 498 2

The airline today Valued at RM3.3 billion, AirAsia is today an award winning and the largest low cost carrier in Asia. From a two aircraft operation of Boeing 737-300, AirAsia currently boasts a fleet of 70 aircraft that flies to over 50 domestic and international destinations and operates over 400 domestic and international flights daily from six hubs located at Low Cost Carrier Terminal (KLIA), Johor Bahru, Kota Kinabalu, Kuching, Bangkok (Thailand) and Jakarta (Indonesia). AirAsia is fast spreading its wings to create a bigger and more extensive route network through its associate companies, Thai AirAsia and Indonesia AirAsia. The airline has carried, thus far, over 50 million guests since its first day of operation. 3

Destinations % of total traffic No of destinations Asia 100% 100% Cabin classes A single passenger class Fleet Manufacturer Model In service On order Airbus A320 40 135 Boeing 737-300 27 0 Future plans To be the largest low cost airline in Asia and serving the 3 billion people who are currently underserved with poor connectivity and high fares. 4

CEO profile Tony is a member of the prestigious Young Global Leaders organization. He joins the ranks of 237 of the world s elite leaders and individuals who have committed their knowledge and expertise to engage in major global undertakings to shape the future. Tony is the recipient of the International Herald Tribune award for the Visionaries & Leadership Series, for his outstanding work in AirAsia. In Dec 2003, Tony was named Malaysian Chief Executive Officer of the Year 2003 by American Express and Business Times. In 2004, he garnered the Emerging Entrepreneur of the Year Malaysia 2003 Award by Ernst & Young, and was also named Asia Pacific Aviation Executive of the Year 2004 by the Centre for Asia Pacific Aviation (CAPA). A familiar face in the aviation industry as well as on an international level, Tony has headlined the covers of Airline Business magazine, Asian Wall Street Journal, New York Times, International Herald Tribune, and featured on countless international publications such as South China Morning Post, Financial Times, Far Eastern Economic Review, The Economist, and many more. Recognized for his unique leadership and entrepreneurial skills, Tony was named BusinessWeek s 25 Stars of Asia in 2004. In 2005, AirAsia made it to Forbes annual listing of the Best under a Billion companies in Asia. Most recently Tony was named the winner of Airline Business Strategy Award for Regional and Low Cost Leadership by Airline Business. On the home front Tony was conferred the Darjah Datuk Paduka Tuanku Ja afar (DPTJ) which carries the title Dato by the Negeri Sembilan s Yang DiPertuan Besar Tuanku Ja afar Tuanku Abdul Rahman in conjunction with His Majesty s 83rd birthday in recognition of his services rendered to the betterment of the nation and community. He received the commendation of Prestige award from Macau Special Administrative Region in 2008 and is a member of the Institute of Chartered Accountants in England and Wales (ICAEW) which is the largest professional accountancy body in Europe. CEO contribution to the evolution of the airport Under Tony s leadership, the fledging airline with a RM40 million debt became a blooming, thriving business. Under his wings, Today, AirAsia is the leading and largest low fare, no frills airline in Southeast Asia, which has flourished into a household name in Malaysia, Thailand and Indonesia. The multi award winning airline is the recipient of the Asia Pacific Low Cost Airline of the Year 2004 by Centre for Asia Pacific Aviation (CAPA), and the Market Leadership Award by Air Transport World (ATW) magazine. In addition, AirAsia also clinched the prestigious Euromoney award for Asia s Best Managed Company in the Airlines & Aviation Sector.On 22 November 2004, Tony led AirAsia on a successful listing on the main board of Bursa Malaysia (Malaysia Stock Exchange) with shares over subscribed by 3 times. The Company was awarded the Best IPO of the Year by The Edge Singapore and also won the Best Newly Listed Company (3rd place) by Euromoney as well as the Triple A Regional Award for the Best Airline IPO for 2004 awarded by the Asset Magazine. AirAsia currently has a market capitalization of RM4.2billion (USD1.1billion). CEO << statement AirAsia s introduction to the aviation industry as an innovator has grown to the extent it is now a leader that sets the benchmark. >> 5