23-Dec-2009 9:12 AM

Malaysia Airlines System proposed acquisition of 6 undelivered Airbus A380

Direct News Source

On behalf of the Board of Directors of MAS (“Board”), Maybank Investment Bank Berhad (formerly known as Aseambankers Malaysia Berhad) (“Maybank IB”) is pleased to announce that the Company had, on 22 December 2009, entered into the following agreements:

(i) novation agreement with Airbus and PMB, and letter agreement with PMB for the acquisition of six (6) undelivered A380 ("Proposed A380 Acquisition"); and

(ii) supplemental lease agreement with PMB for the revision of the existing operating lease rentals for two (2) B777 and two (2) B747 (collectively referred as "Boeing Aircraft") payable to PMB and conditional SPA with PMB for the Boeing Aircraft ("Proposed Boeing Aircraft Bundling"), for a total consideration of about RM3.19 billion.

Refer to full documentation in attachments box, located at the top left, below the headline.

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