Deadline extended for AirAsia Group acquisition

January 28th 2025

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AirAsia X (AAX) has been granted a two-month extension to complete the takeover of AirAsia Group airlines from Capital A. Read More » The new date for closing the deal is next March 24 to allow for the "satisfaction or fulfillment" of outstanding conditions precedent under the deal. Chief among them is approval and consent from relevant authorities, financiers and third parties and the green light for the transfer from the High Court. Once the transaction is completed, 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 AAX operations. Shareholders of both companies have approved the deal.