AirAsia X enters next phase of acquiring Capital A’s aviation business to accelerate expansion

AirAsia X (AAX) has submitted a listing application and the draft circular to Bursa Malaysia Securities Berhad, which details its proposed acquisitions of capital A’s entire equity interest in AirAsia Aviation Group and AirAsia Berhad. In order to expedite the process, AAX also ceased of the proposed internal reorganisation, and to undertake the proposed acquisitions under AAX directly. “As we enter the next phase of the proposed acquisitions, this strategic move is set to strengthen our market position and streamline AirAsia operations across the region,” said Dato’ Fam Lee Ee, AirAsia X chairman. He continued: “We anticipate that an enlarged