Posts in Global
Capital A announces strategic disposal of aviation business to AirAsia X

Capital A Berhad, the leading aviation and travel services group and parent company of AirAsia, today announced that it has entered into a non-binding letter of offer with AirAsia X Berhad (“AAX”) for the proposed disposal of its aviation business, namely AirAsia Berhad (AirAsia Malaysia) and AirAsia Aviation Group Limited (AirAsia subsidiaries in Thailand, Indonesia, Philippines, and Cambodia). The strategic move is aimed at streamlining the Group and facilitating a business-centric valuation of the separate entities, potentially unlocking greater value to shareholders.

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