News
AirAsia X closer to integration with AirAsia Aviation Group
September 19th 2024
Bursa Malaysia Securities Berhad (Bursa Malaysia) has approved an Extraordinary General Meeting (EGM) of AirAsia X (AAX) shareholders where the proposed acquisition of Capital A Berhad’s aviation business will be outlined. Read More » If voters approve the deal, it will bring the company closer to forming a new aviation group that will include AirAsia Aviation Group Limited and AirAsia Berhad. AAX will convene the EGM in approximately three weeks, it said. “Bursa Malaysia’s clearance marks a pivotal milestone as we finalize this transformative acquisition. By integrating AirAsia’s extensive network with AAX’s medium-haul capabilities, we are set to unlock significant synergies that not only will streamline our operations but are projected to increase revenue and reduce operating costs. It is a strategic step that positions us to capture greater market share in the region and drive sustainable growth,” AirAsia X chair, Dato’ Fam Lee Ee, said
