SEPANG, September 25 – AirAsia X (AAX) has announced a significant milestone in its proposed acquisition of Capital A Berhad’s aviation business, as Bursa Malaysia Securities Berhad has cleared the Extraordinary General Meeting (EGM) Circular. This approval brings AAX closer to finalizing the acquisition of AirAsia Aviation Group Limited and AirAsia Berhad, aimed at forming a new aviation group.
The EGM, to be held in approximately three weeks, will seek shareholder approval for the acquisition. Dato’ Fam Lee Ee, Chairman of AirAsia X, highlighted the strategic benefits of integrating AirAsia’s network with AAX’s medium-haul capabilities, projecting increased revenue, reduced costs, and long-term growth for the newly formed aviation group.
