News
Capital A shareholders approve AirAsia Group transaction
October 15th 2024
Capital A received a minimum of 99% support in favour of divesting its AirAsia Group airlines to AirAsia X at an extraordinary general meeting on October 14. Read More » “With shareholder approval to divest the aviation business, we are unlocking a bright new future by delineating our pure play aviation business from aviation support services”, Capital A CEO, Tony Fernandes, said. “This clarity will benefit shareholders and customers and redefine travel in the region.” Once the transaction is completed, scheduled for year-end, Capital A will focus on aviation services, digital products, a logistics arm and a licensing and partnerships business. AirAsia X will be home to AirAsia-branded airlines in Cambodia, Indonesia, Malaysia, the Philippines and Thailand as well as its existing AirAsia X operations. AirAsia X will hold an extraordinary general meeting of its shareholders on October 16 to vote on the restructuring of the aviation group.
