Thursday, October 21, 2010

AirAsia extends agreement with Tune Talk until July 2011

KUALA LUMPUR: AIRASIA BHD [] has extended its the term of its cooperation agreement with Tune Talk Sdn Bhd (TTSB) up to July 27, 2011 as part of its plans to generate extra revenue and further boost the low cost carrier's branding.

In a statement on Thursday, Oct 21, AirAsia said that under the terms of the agreement, it would continue selling any unsold TTSB SIM cards; allow TTSB to continue redeeming unutilized e-gift Voucher; continue utilising the various advertising platforms; and continue AirAsia's entitlement to be remunerated with a 5% sale commission on total top-up sales.

TTSB is 23.42% owned by Tune Ventures Sdn Bhd in which both Datuk Seri Tony Fernandes and Datuk Kamarudin bin Meranun are substantial shareholders.


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