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Deadline extended to complete AirAsia Group transaction
September 30th 2025
AirAsia X (AAX) and Capital A have agreed to push back the deadline to complete certain conditions precedent in the proposed transfer of AirAsia Group airlines to October 31. Read More » "This is to allow more time for the company and the vendor to, amongst others, obtain the approval and consent of the Takeover Panel of Securities and Exchange Commission of Thailand, financiers/lenders and/or third parties," AAX said in a regulatory filing. AAX said the extension of time to October 31 was also to finalise definitive terms with certain investors for a proposed private placement. Once the transaction is completed, Capital A will focus on aviation services, digital products, a logistics arm and a licensing and partnerships business. AAX 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 transaction. Earlier this month, AAX said the Bursa Malaysia stock exchange had agreed to extend the deadline for completing the deal to December 31 this year.
