Malaysia’s Capital A paves way for merger of AirAsia’s operations globally

Malaysia’s Capital A Berhad CAPI.KL said on Monday it intends to sell its aviation business to long-haul unit AirAsia X Bhd AIRX.KL, with a goal of consolidating both its long and short-haul operations under a single AirAsia brand.

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Malaysia’s Capital A Berhad said on Monday it intends to sell its aviation business to long-haul unit AirAsia X Bhd, with a goal of consolidating both its long and short-haul operations under a single AirAsia brand.

The proposed deal, which is subject to a final agreement being signed and to approvals from shareholders and courts, involves the sale of AirAsia Berhad and AirAsia Aviation Group Ltd, which includes AirAsia units in Thailand, Indonesia, Philippines, and Cambodia, Group Chief Executive Tony Fernandes told reporters without disclosing any deal value.