Skift Take
— Peden Doma Bhutia
Capital A has announced an agreement for the divestment of its airline business and the acquisition of AirAsia X, forming a unified AirAsia Group.
The acquisition, valued at approximately MYR6.8 billion ($1.4 billion), positions AirAsia as the largest low-cost airline group in Asia, according to Tony Fernandes, CEO of Capital A.
In December 2022, Fernandes had said that Capital A would be moving all the carriers under one existing structure, similar to how British Airways, Iberia Airline, and Aer Lingus operate under the International Airlines Group…
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