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Robert Milton invests in AirAsia X

Travel News Asia Latest Travel News Tuesday, 25 March 2008

Aero Ventures has identified a founding shareholder, Mr. Robert Milton, who holds a minor interest in the company. Aero Ventures holds a 48% stake in AirAsia X Sdn Bhd, the new low-cost, long-haul airline that started operations in November 2007.

Dato Tony Fernandes, Aero Ventures shareholder and founder of AirAsia X, said "Robert brings to the table significant aviation expertise and will be able to contribute greatly to the dynamics of the Aero Ventures team and development of AirAsia X."

Mr Milton is currently the Chairman and CEO of ACE Aviation holdings and was previously the Chairman and CEO of Air Canada. ACE is an air transportation investment company that holds a 75% stake in Air Canada, as well as a minority interest in Aeroplan, a loyalty program company, and Jazz Air LP, a regional airline with 135 aircraft.

Mr Milton is one of the world's most experienced aviation executives, best known for his successful restructuring of Air Canada, which he chronicled in his book, "Straight From The Top". He is a past Chair of the International Air Transport Associations Board of Governors. Mr. Milton was a 1998 recipient of the prestigious "Top 40 under 40" award recognizing 40 Canadians who have achieved significant levels of success in leadership and innovation before age 40. He graduated in 1983 from Georgia Institute of Technology with a Bachelor of Science Degree in Industrial Management and spent part of his childhood in South East Asia.

"My involvement with AirAsia X has provided me with the exciting opportunity to participate in the newest and most promising airline business model today," said Mr. Milton.

"I believe AirAsia X has great potential as the first truly low-cost long haul carrier in a region which will see significant future traffic growth - an area of the world to which I also happen to have strong personal ties" he added.

See other recent news regarding: Travel News Asia, AirAsia, AirAsia X

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