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AirAsia X and Capital A outline details of proposed restructuring
December 8th 2022
AirAsia X (AAX) and Capital A have issued statements to clarify media reporting of their proposed restructuring. Read More » “The company wishes to state the proposed plan is not a merger of AirAsia Berhad and AirAsia X, but a potential disposal of Capital A’s aviation assets to AirAsia X, to form a separate publicly quoted aviation group of six airlines: four short-haul ASEAN airlines and two medium-haul airlines. They are AirAsia Berhad, Thai AirAsia, AirAsia Indonesia, AirAsia Philippines, AirAsia X and Thai AirAsia X,” the regulatory filing to the Bursa Malaysia stock exchange said. “However, the company also wishes to clarify the plan remains a work in progress and will be subject to multiple approvals including by the company’s board of directors, shareholders and Bursa Malaysia Securities Berhad. The company will make the requisite announcement(s) after the plan is finalised.”
