News
Capital A forecasts PN17 exit by year end; considers dual listing in Hong Kong
September 26th 2025
Capital A plans to transfer its airline business to AirAsia X in October, opening the way for the group to seek removal of its Practice Note 17 (PN17) status in December, Capital A CEO, Tony Fernandes, told Malaysian National News Agency BERNAMA late last week. Read More » “I can say again we are making good progress there. The trigger point is for us to say we have completed the three conditions precedent to making the disposal. Once we announce that, the rest is just paperwork which will take three to four weeks. I am optimistic that in October, we can make the announcement,” he said, and added when the transfer of the airline business is completed, Capital A will move quickly to apply to Bursa Malaysia to exit PN17 classification. “I am hoping that by the end of November or December, we can finally put COVID behind us and show we have turned the corner,” he said. Fernandes said Capital A is receiving strong interest from investors from China. Because of this, the company is considering a dual listing in Hong Kong. “There is a lot of capital in that part of the world and Hong Kong is an important gateway. In addition, American underwriters have approached us to consider listing in the U.S. “It’s good to be wanted again,” he said.
