Orix of Japan will not confirm investment in AirAsia X

On October 13 2007 just prior to the Australian Civil Aviation Authority granting
AirAsia X its Australian Air Operators Certificate, it was reported that 2 investors, Japan's Orix and another from Bahrain (variously named "Manama", "Perigon Capital", a "private equity fund") were to invest USD 75 million(USD 37.5 million each) for stake of 10% each in AirAsia X.(http://www.iht.com/bin/printfriendly.php?id=7875790)

ORIX was asked how they came to value a 10% stake in AirAsia X at USD 37.5 million, just a few months after Richard Branson paid USD 7.2 million for a stake of the same quantity.

ORIX's response:
Dear Ganesh,

As you mentioned, this bit of information seems to be in circulation; however, this has not been confirmed by ORIX.
Therefore we have no further comments on this matter.


Best regards,

Yui Takamatsu
(for ORIX)

ORIX is a public company listed in Tokyo with continuous disclosure requirements in Japan and in the US, unlike AirAsia X and Branson's Virgin Air which are privately held.

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