Aero Ventures announces new investor

Aero Ventures Sdn Bhd announced the identity of a new investor in, Mr Robert Milton, who holds a minor interest in the Company. Aero Ventures holds a 48.0% stake in AirAsia X Sdn Bhd, the new low-cost, long-haul airline that commenced operations in Nov-07.

 

Mr Milton is currently the Chairman and CEO of ACE Aviation holdings and was previously the Chairman and CEO of Air Canada.

About Aero Ventreus Sdn Bhd

Aero Ventures Sdn Bhd is a holding company founded by Dato’ Seri Kalimullah Hassan, Dato’ Tony Fernandes, Dato’ Kamarudin Meranun, Robert Milton and Lim Kian Onn to invest in aviation-related ventures. 

About AirAsia X

AirAsia X, an affiliate of AirAsia with shareholders including Virgin Group, is the new long-haul, low-cost airline launched in Jan-07. Currently operating four times weekly to Gold Coast, Australia and five times weekly to Hangzhou, China, AirAsia X aims to cover destinations which are more than four hours in flight duration from Kuala Lumpur, complementing the existing AirAsia network and offering daily point-to-point frequencies to destinations in Asia Pacific, Middle East and Europe.

© Centre for Asia Pacific Aviation. Date posted: 25-Mar-08