Tony Fernandes
KUALA LUMPUR: Capital A Bhd CEO Tan Sri Tony Fernandes described the disposal of AirAsia Aviation Group Ltd (AAAGL) and AirAsia Bhd (AAB) to AirAsia X Bhd (AAX) on January 16, 2026, as “one of the most emotional moments” of his career, marking the end of the group’s six-year restructuring journey following the Covid-19 crisis.
“This is the culmination of one of the most complex restructuring exercises in aviation history,” Fernandes said. “Giving up was never an option—we rebuilt step by step, and now the aviation chapter is complete. I’m incredibly proud of our Allstars, shareholders, partners, and regulators for proving our resilience.”
The deal saw Capital A receive 2.31 billion AAX shares, while AAX assumed RM3.8 billion in debt from AAB. AAX also issued 606.06 million placement shares. These transactions consolidate all AirAsia-branded airlines under one platform, allowing Capital A to focus on its non-aviation ecosystem—ADE, Teleport, AirAsia MOVE, AirAsia Next, and Santan—for sustainable growth.
CFO Teh Mun Hui highlighted the clean balance-sheet transfer and plans to lift the PN17 status promptly upon listing on January 19, 2026.
Read More News on Latest Malaysia
Read More News on Business News Malaysia
Read More News on SG Business News
Read More News on World Future TV
Lembaga Tabung Haji has improved its financial position through recovery efforts, enhancing asset quality and…
Schroders Capital's Q3 2026 outlook highlights private markets' resilience and the need for selective, deliberate…
Kinergy initiated with BUY, TP RM0.67, driven by recurring income, engineering services growth, and unpriced…
PETALING JAYA, 22 July 2026 – LOCUS-T, a leading Malaysian digital marketing agency, has been…
German investor sentiment rose sharply in July, boosted by reform optimism, although geopolitical tensions and…
The FBM KLCI eased despite a strong technology rebound as investors shifted focus to Alphabet…
This website uses cookies.