BRIEF-AirAsia Group Enters Profit Sharing Agreement With AirAsia X Bhd

Nov 11 (Reuters) - Airasia Group Bhd:

* 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: (Reuters.Briefs@thomsonreuters.com)