Capital A officially completes PN17 regularisation plan today

KUALA LUMPUR, 23 January - Capital A Berhad’s (“Capital A”) PN17 regularisation plan is officially completed today, following the lodgment of the sealed High Court order confirming a capital reduction of RM5,507,594,000. 

This milestone caps the end-phase actions already communicated: the completion of the aviation business disposal (AirAsia Berhad and AirAsia Aviation Group Limited) to AirAsia X Berhad (“AAX”) on 16 January 2026, the listing and distribution of AAX shares to entitled Capital A shareholders on 19 January 2026, and the High Court approval of the capital reduction on 21 January 2026. 

Tony Fernandes, CEO Capital A said, “I’m thrilled to share that we’ve finished every step in our PN17 regularisation plan, and are now working towards the uplift. It’s a powerful moment after a long journey from the dark days of Covid. I’m very proud of the team who rebuilt this business together, and also grateful to our partners and guests who have stood by us. 

The momentum is real for Capital A. Teleport, our logistics arm, just raised USD50 million pre-IPO capital at USD500 million valuation to scale globally. Furthermore, our non-aviation businesses under Capital A have posted four consecutive profitable quarters (Q4 2024 to Q3 2025), and with our shareholders’ funds turning positive as we complete this regularisation plan, we have addressed all PN17 criteria. I am truly excited to unlock all the potential of Capital A in our next journey from here.” 

Post-regularisation, Capital A will operate as a group focused around five businesses: Asia Digital Engineering (MRO), Teleport (logistics), AirAsia MOVE (travel platform), AirAsia Next (brand & IP) and Santan (F&B). Together with a consolidated AirAsia Group, the ecosystem is designed to lower costs, grow revenue and deliver sustainable value to customers and shareholders.