In a filing made at the Bursa Malaysia (Malaysian Stock Exchange) on April 26, 2024, the board of AirAsia X detailed its further plans regarding the company’s proposed acquisition of AirAsia Berhad, the parent organization of Malaysian low-cost carrier AirAsia plus the AirAsia Aviation Group which includes four non-Malaysian AirAsia-branded airlines.
Investment firm Capital A and the AirAsia Group, the newly incorporated entity that will eventually be the holding company of AirAsia X, announced on April 26, 2024, that it has signed a conditional sale and purchase agreement for Capital A’s strategic divestment and AirAsia Group’s strategic acquisition of its aviation businesses. The landmark agreement, which has been approved by the boards of Capital A and AirAsia X, is expected to “catalyze AirAsia to its next growth phase to become the world’s first low-cost network carrier and redefine the aviation industry landscape,” according to a company statement.
Both…
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