AirAsia X completes acquisition of AirAsia Bhd and AirAsia Aviation Group from Capital A, consolidating all AirAsia airlines under a single platform.
KUALA LUMPUR: AirAsia X Bhd has completed its acquisition of AirAsia Bhd and AirAsia Aviation Group Ltd from Capital A Bhd. This marks the final step in consolidating the group’s aviation businesses under a single platform, now called AirAsia Group.
The transaction was settled via the allotment and issuance of 2,31 billion new ordinary shares in AirAsia X to Capital A and its entitled shareholders. AirAsia X also assumed RM3.8 billion previously owed by Capital A to AirAsia Bhd.
Separately, AirAsia X allotted and issued 606 million new ordinary shares to independent third-party investors under a private placement. The consideration shares and placement shares are scheduled to be listed on the Main Market of Bursa Malaysia.
The completion brings all AirAsia-branded airlines under the AirAsia Group umbrella. Capital A will now pivot towards expanding its non-aviation businesses.
AirAsia X chairman Datuk Fam Lee Ee said the consolidation created a stronger and more streamlined aviation platform. He stated it positions the group for sustainable growth and operational excellence.
“The board is confident that this integration will unlock significant synergies and reinforce AirAsia Group’s leadership in the region,” he added.
The group expects the consolidation to deliver operational and financial efficiencies. These include improved fleet utilisation and more integrated network planning.
It will also create a more resilient operating platform by leveraging the wider aviation and travel ecosystem within Capital A’s group of companies.
