KUALA LUMPUR, November 11 — Capital A Berhad and AirAsia X Berhad have announced the waiver of a key regulatory condition in Thailand, marking one of the final steps toward completing the consolidation of all AirAsia airline operations under AirAsia X.
The move allows the transaction to proceed smoothly, with a Thai partner funding the tender offer for Asia Aviation PCL (AAV), ensuring no financial impact on AAX. With all conditions expected to be fulfilled by the end of October and completion anticipated in December.
Capital A is set to exit PN17 status and focus on expanding its high-growth businesses, including ADE, Teleport, AirAsia MOVE, Abc., Santan, and BigPay.
