PRESS RELEASE For Immediate Release AirAsia X announces leadership changes SEPANG, 30 January 2015 – The Board of Directors of AirAsia X, today announced the appointment of Datuk Kamarudin Meranun as Group CEO, AirAsia X and Benyamin Bin Ismail as acting CEO of AirAsia X Berhad as part of an on-going reorganization exercise. In this newly created role, Kamarudin will spearhead developing the overarching strategy for the AirAsia X Group, which encompasses AirAsia X Berhad, AirAsia X Thailand and Indonesia AirAsia Extra. Benyamin, together with Kamarudin will lead the reorganisation and turnaround exercise to strengthen the company's balance sheet and to maximise profitability to ensure a stronger financial footing for the company. “Over the past few months, we saw the company facing challenges in a difficult environment. After a thorough review, a decisive turnaround plan was initiated to put the company on substantially better financial footing to ensure we bring back confidence to the market. With this robust plan in place, AirAsia X will advance to the next chapter of growth and uphold its leadership position in the long haul, low cost market. The AirAsia X board and the co-founders including myself are confident in this plan and we will be executing a rights issue and we will fully underwrite our portion in support of the company.” “We have a solid company here and together with Ben, who has a thorough understanding of the AirAsia and AirAsia X business model and the culture that has made AirAsia a leading airline, I am truly confident in turning this company around and bringing it to profitable growth. ” said Kamarudin. On his appointment, Benyamin said, “I am humbled and excited for this opportunity. We will continue to expand into new markets to build an unbeatable regional network. Combined with the synergy with the AirAsia network, we will be able to cement our position as the airline of choice across this region. Under the mentorship of Datuk Kamarudin, my goal is to accelerate our ability to deliver the best product to our guests, drive confidence and best practices to our Allstars.” Benyamin joined AirAsia Berhad in 2010, heading up the Investor Relations team and most recently played the role Group Head of Corporate Development, Implementation and Investor Relations. PRESS RELEASE Reporting to the GCEO, he led the group in corporate development, finding strategic opportunities complementing AirAsia’s airline and non-airline businesses through Mergers and Acquisitions, investments and special projects. He also managed regional IR, communicating the AirAsia Group strategy, growth and outlook to the investor community. AirAsia X would like to confirm Azran Osman-Rani’s cessation from the Chief Executive Officer office with effect from 30th January 2015. ***END*** About AirAsia X AirAsia X is the long-haul, low-cost affiliate carrier of the AirAsia Group that currently flies to destinations in China, Australia, Taiwan, Korea, Japan, Nepal and the Middle East. The airline currently serves 19 destinations across Asia (Haneda, Narita, Osaka, Seoul, Busan, Taipei, Xian, Beijing, Hangzhou, Chengdu, Shanghai, Chongqing, Colombo and Kathmandu), Australia (Sydney, Melbourne, Perth and Gold Coast) and the Middle East (Jeddah). AirAsia X currently operates a fleet of 23 Airbus A330-300s, each with a seat configuration of 12 Business Class seats and 365 Economy seats. The airline has carried over 12 million guests since it commenced long-haul in 2007. AirAsia X was awarded the World's Best Low Cost Airline Premium Cabin and Best Low Cost Airline Premium Seat titles for two consecutive years at the 2014 Skytrax World Airline Awards. Our vision is to further solidify our position as the global leader in low-cost, long-haul aviation and create the first global multi-hub low-cost carrier network along with other carriers of the AirAsia Group. AirAsia is the first airline globally to collaborate with INTERPOL to implement the I-Checkit system to screen the passports of all its prospective passengers against information contained in the world police body’s Stolen and Lost Travel Documents (SLTD) database. For further information, MEDIA please contact: AIRASIA X Fairuz Majid My Mobile No : +6012 679 4513 My Email : mohdfairuzabdmajid@airasia.com PRESS RELEASE My Office No : +603 8775 4683 Izatun Hanim My Mobile No : +6011 111 18028 My Office No : +603 8775 4789 My Email : izatunhanim@airasia.com My Email : siewhonleong@airasia.com Eugene Siew My Mobile No : +6016 653 8221 My Office No : +603 8775 4780