AirAsia X shareholders approve the buyout of AirAsia

Shareholders  have approved the proposed acquisition of Malaysian investment firm Capital A’s equity interest in AirAsia by AirAsia X for RM6.8 billion ($1.58 billion). The acquisition was approved at an extraordinary general meeting (EGM) held on October 16, 2024., with 99.08% of shareholders voting in favour of the acquisition. Additionally, shareholders voted in favour of the resolutions for the proposed issuance of free warrants, proposed private placement to raise gross proceeds of RM1 billion ($232.7 million), proposed share capital reduction and proposed granting of subscription shares. “We extend our gratitude to our shareholders for their strong validation of our growth