The Beginning of a New Era Capital A and AirAsia Group sign a conditional sale and purchase agreement on the divestment of Capital As airline business

• Total consideration for Capital A’s disposal and correspondingly, AirAsia Group’s acquisition amounting to RM6.8 billion, to be fulfilled with shares and debt settlement
• Capital A’s shareholders’ equity to turn positive for the first time in 14 quarters following the divestment, while AirAsia X’s shareholders’ equity to also strengthen post-transaction
• AirAsia Group to fortify its position as the largest low cost carrier in Asia, with a win-win “One Airline” strategy set to transform the face of global low cost travel
• AirAsia Group’s ultimate vision to create a global network airline based on the robust narrowbody fleet with enhanced operational efficiency and extended range capabilities to lower cost 

Capital A Berhad (“Capital A”) and AirAsia Group Sdn Bhd (“AirAsia Group”), the newly incorporated entity that will eventually be the holding company of AirAsia X Berhad (“AirAsia X”), announced  it has signed a conditional sale and purchase agreement for Capital A’s…