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Capital A completes final step towards removal of PN17 status
January 28th 2026
Capital A has lodged its Practical Note 17 (PN17) regularisation plan with the High Court of Malaysia. Read More » The company, which recently offloaded its AirAsia group airlines to sister company AirAsia X (AAX), said the PN17 regularisation plan included a capital reduction of 5.5 billion ringgit (US$1.4 billion). "I’m thrilled to share that we’ve finished every step in our PN17 regularisation plan, and are now working towards the uplift," Capital A CEO, Tony Fernandes, said. "It’s a powerful moment after a long journey from the dark days of COVID." In 2020, Bursa Malaysia issued Capital A, then known as AirAsia Group, with a PN17 because of its financial standing at the time. To continue to trade on Malaysia’s stock exchange, a PN17 requires a company to submit and receive approval for a financial regularization plan within a specified time.
