News
Capital A and AirAsia X move closer to proposed transaction
October 20th 2025
AirAsia X (AAX) has obtained a waiver from the Thailand Securities Exchange Commission’s (SEC) takeover panel on certain conditions for its proposed acquisition of AirAsia Group airlines from Capital A. Read More » In a regulatory filing, it reported it no longer had to seek an exemption from the SEC for the purchase of all remaining shares in Asia Aviation Public Company Limited (AAV), the parent company of Thai AirAsia. Instead, a Thai third party will buy all remaining shares in AAV. There will be no change in AAX’s 40.71% equity in AAV and no impact on Thai AirAsia’s operations. "With the abovementioned condition waived, both parties expect to announce all condition precedents are met and the share sale and purchase agreement will become unconditional by the end of October, followed by the completion of the transaction expected in December," Capital A and AAX said in a joint statement. "The remaining steps required for completion include capital reduction and distribution, allotment of shares, and listing of shares." when 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.
