AirAsia X (AAX or the Company) has obtained clearance from Bursa Malaysia Securities Berhad (Bursa Malaysia) for the extraordinary general meeting (EGM) circular for shareholders detailing the proposed acquisition of Capital A Berhad’s aviation business.
This brings the company closer to completing the acquisition of AirAsia Aviation Group Limited and AirAsia Berhad to form a new aviation group.
With this, AAX will convene an EGM in three weeks’ time from the date of despatch of EGM circular, where shareholders’ approval will be sought for the proposed acquisition.
Once finalised, the new aviation group will operate with a more streamlined structure, enhanced market reach, and improved operational synergies, driving long-term growth, profitability, and increased returns for shareholders.
Dato’ Fam Lee Ee, Chairman of AirAsia X said: “ This acquisition is a strategic step that positions us to capture greater market share in the region and drive sustainable growth.
“The upcoming EGM will be a critical opportunity for our shareholders to shape the future of AAX.
“This acquisition will enable us to create a more robust and efficient airline group that meets the evolving needs of our guests while enhancing shareholder returns.”
