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Capital A says “significant progress” made on AirAsia X transaction
February 25th 2025
Malaysia-headquartered Capital A said it had made good progress on the divestment of its AirAsia Group airlines to AirAsia X. Read More » The offloading of its AirAsia-branded airlines in Cambodia, Indonesia, Malaysia, the Philippines and Thailand to AirAsia X was first announced in December 2024. “Capital A notes significant progress on the disposal of its aviation business to AirAsia X, and confirms it has been addressing queries from Bursa Malaysia regarding the PN17 status,” Capital A said in a regulatory filing. “The company is awaiting a court date for confirmation on the proposed capital reduction pursuant to the disposal.” In 2020, the Bursa Malaysia stock exchange issued Capital A, then known as AirAsia Group, with a Practical Note 17 (PN17) due to its financial standing at the time. To continue to trade on the local stock exchange, a PN17 required a company to submit and receive approval for a financial regularisation plan within a specified time.
