Joint Venture of AirAsia and Expedia to Power Online Travel Revolution in Asia

By Expedia Inc., PRNE
Monday, March 28, 2011

First partnership of its kind globally between a low-cost carrier and an online travel agency

SINGAPORE, March 29, 2011 - AirAsia, the world's best low cost airline and Expedia, Inc., the world's
largest online travel company, today announced the launch of a new joint
venture company covering Asia Pacific and offering a complete range of great
value flights, hotels, and holiday packages.

(Logo: photos.prnewswire.com/prnh/20110121/SF33870LOGO-b)

This is the first partnership of its kind globally between a low cost
carrier (LCC) and an online travel agent (OTA). This "marriage made in
heaven" between the world's largest online travel company, and the world's
most innovative airline, allows both companies to build on each other's
strength in bringing happiness through travel to the world's travellers.

Under the joint venture agreement, a new company will be formed to
operate Expedia, Inc.'s Expedia(R) branded businesses in Japan, India,
Southeast Asia and other East Asian markets, as well as AirAsia's AirAsiaGo
and GoRooms businesses. The new venture will build on AirAsia's unique local
marketing expertise, along with Expedia's world leading technology, and both
companies' quality travel products in the region and beyond.

The new venture will have the exclusive online third-party distribution
rights in the region for AirAsia and AirAsiaX flights and travel packages
meaning that with few exceptions in the region the only place to find and
book AirAsia flights online will be AirAsia.com, AirAsiaGo.com and Expedia.
Taken together with over 130,000 hotels worldwide, this will create a unique
set of packages for Asian customers at incredibly low rates on both the
AirAsiaGo and Expedia sites.

In addition, AirAsia (AirAsia Malaysia, AirAsia Indonesia, AirAsia
Thailand, AirAsiaX and other AirAsia joint venture airlines) and Expedia are
partnering outside of the new venture to make Expedia the exclusive third
party travel provider for AirAsia inventory allowing travellers to book
exciting AirAsia inventory on any of Expedia's travel sites worldwide.

Dato' Sri Dr. Tony Fernandes, Group CEO, AirAsia, said, "With this
announcement AirAsia and Expedia are launching a revolution in online travel
for Asia. This partnership between two global brands and leaders in the
travel industry comes at a time when online travel bookings are exploding in
the region. Asia, and its booming economy, offers a huge opportunity to
develop a set of loved consumer brands.

"We are excited to have Expedia as our partner and are proud to welcome
them to Asia. We've taken our time to find a great partner that understands
Asia and matches our drive, passion and aspiration," added Fernandes.

"AirAsia have made it possible for everyone to fly. Through this
partnership with Expedia we hope to share the same experience we've shared
with others and take our unique travel and brand experience further, farther
and wider," Fernandes concluded.

Barry Diller, Chairman and Senior Executive, Expedia, Inc., said, "By
partnering with AirAsia, Expedia is taking an important step in developing
our global position. This is particularly exciting, given Asia's influence in
the online travel marketplace."

"We couldn't have found a better partner than AirAsia. In addition to
being the region's leading low cost carrier, the airline also shares
Expedia's aspiration to make travel accessible to everyone. I'm deeply
impressed by AirAsia's growth in such a short period of time, and its amazing
network."

"There is a lot of focus on travel in Asia today and this collaboration
allows our customers to connect to a great network here via AirAsia. Combined
with Expedia's impressive selection of global travel offerings and package
technology, we think this partnership enables both companies to offer
travellers world-class travel products at an unparalleled value," Diller
added.

To celebrate the happy union, www.AirAsiaGo.com will be offering
hotel discounts of up to 80% off in 10 Asian cities for three days beginning
on the 29th March, and Expedia will be launching its new Malaysian site
www.expedia.com.my and Thai site www.expedia.co.th with a two
week sale of up to 60% off on South-East Asian destinations.

AirAsia's branded website's www.airasiago.com and
www.gorooms.com and Expedia, Inc.'s existing Expedia branded
businesses in Japan (www.expedia.co.jp), India
(www.expedia.co.in) and Singapore (www.expedia.com.sg) along
with new markets launched today in Malaysia (www.expedia.com.my) and
Thailand (www.expedia.co.th) will be operated by the joint venture.

About AirAsia

AirAsia, the leading and largest low-cost carrier in Asia, services the
most extensive network with approximately 139 routes covering destinations in
Asia, Australia and Europe. In 8 plus years of operations, AirAsia has
carried more than 100 million guests and grown its fleet from just two
aircraft to approximately 100. The airline today is proud to be a truly Asean
(Association of Southeast Asian Nations) airline with established operations
based in Malaysia, Indonesia and Thailand, servicing a network stretching
across all Asean countries, China, India, Bangladesh, Sri Lanka and
Australia. This is further complemented by AirAsia X, its low-cost long-haul
affiliate carrier that currently flies to destinations in China, Australia,
Taiwan, India, Iran, Japan, Korea, New Zealand, France and the UK. AirAsia
was named World's Best Low Cost Airline in the annual World Airline Survey by
Skytrax for two consecutive years, in 2009 and 2010.

About Expedia

Expedia, Inc. (Nasdaq: EXPE), the world's leading online travel company,
operates Expedia.com.sg in Singapore. Expedia helps travellers plan and book
their travel by providing a personalised service, the latest technology and a
wide selection of holiday packages, cheap flights, hotel bookings, car hire,
in-destination attractions & activities, adventure tours and travel insurance
to suit their travel needs.

About Expedia, Inc.

Expedia, Inc. is the largest online travel company in the world, with an
extensive brand portfolio that includes more than 90 localized
Expedia.com(R)- and Hotels.com(R)-branded sites; leading U.S. discount travel
site Hotwire(R); leading agency hotel company Venere.com(TM); Egencia(R), the
world's fifth largest corporate travel management company; the world's
largest travel community TripAdvisor(R) Media Network; destination activities
provider ExpediaLocalExpert(R); luxury travel specialist Classic
Vacations(R); and China's second largest booking site eLong(TM). The company
delivers consumers value in leisure and business travel, drives incremental
demand and direct bookings to travel suppliers, and provides advertisers vast
opportunity to reach the most valuable audience of in-market travel consumers
anywhere through TripAdvisor Media Network and Expedia Media Solutions.
Expedia also powers bookings for some of the world's leading airlines and
hotels, top consumer brands, high traffic websites, and thousands of active
affiliates through Expedia(R) Affiliate Network. (NASDAQ: EXPE)

Expedia and the Airplane logo are either registered trademarks or
trademarks of Expedia, Inc. in the US and/or other countries. Other logos or
product and company names mentioned herein may be the property of their
respective owners.

(c) 2011 Expedia, Inc. All rights reserved.

Sarada Chellam, schellam at iconinternational.com.sg, Soon Lishan, lsoon at iconinternational.com.sg, or Brenda Yeo, byeo at iconinternational.com.sg, ICON International Communications, +65-6220-2623 (Singapore), for Expedia; or Ed Schmidt, PR and Communication, Expedia SE Asia, v-eschmidt at expedia.com; or Daphne Cheah Ui Jen, Communication, AirAsia, cheahuijen at airasia.com

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