{"id":3221,"date":"2024-09-18T07:42:14","date_gmt":"2024-09-18T07:42:14","guid":{"rendered":"https:\/\/holidaysabah.com\/?p=3221"},"modified":"2024-09-18T07:42:53","modified_gmt":"2024-09-18T07:42:53","slug":"airasia-x-moving-closer-towards-the-completion-of-its-transformative-aviation-acquisition-proposal","status":"publish","type":"post","link":"https:\/\/holidaysabah.com\/?p=3221","title":{"rendered":"AirAsia X moving closer towards the completion of its transformative aviation acquisition proposal"},"content":{"rendered":"\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"668\" data-id=\"3225\" src=\"https:\/\/holidaysabah.com\/wp-content\/uploads\/2024\/09\/screenshot_20240918_153626_google2515734513357705896-1024x668.jpg\" alt=\"\" class=\"wp-image-3225\" srcset=\"https:\/\/holidaysabah.com\/wp-content\/uploads\/2024\/09\/screenshot_20240918_153626_google2515734513357705896-1024x668.jpg 1024w, https:\/\/holidaysabah.com\/wp-content\/uploads\/2024\/09\/screenshot_20240918_153626_google2515734513357705896-300x196.jpg 300w, https:\/\/holidaysabah.com\/wp-content\/uploads\/2024\/09\/screenshot_20240918_153626_google2515734513357705896-768x501.jpg 768w, https:\/\/holidaysabah.com\/wp-content\/uploads\/2024\/09\/screenshot_20240918_153626_google2515734513357705896.jpg 1035w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/figure>\n\n\n\n<p class=\"MsoNormal\">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\u2019s aviation business.<\/p>\n\n\n\n<p class=\"MsoNormal\">This brings the company closer to completing the acquisition of AirAsia Aviation Group Limited and AirAsia Berhad to form a new aviation group.<\/p>\n\n\n\n<p class=\"MsoNormal\">With this, AAX will convene an EGM in three weeks\u2019 time from the date of despatch of EGM circular, where shareholders\u2019 approval will be sought for the proposed acquisition.<\/p>\n\n\n\n<p class=\"MsoNormal\">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.<\/p>\n\n\n\n<p class=\"MsoNormal\">Dato\u2019 Fam Lee Ee, Chairman of AirAsia X said: \u201c This acquisition is a strategic step that positions us to capture greater market share in the region and drive sustainable growth.<\/p>\n\n\n\n<p class=\"MsoNormal\">\u201cThe upcoming EGM will be a critical opportunity for our shareholders to shape the future of AAX.<\/p>\n\n\n\n<p class=\"MsoNormal\">\u201cThis 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.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s aviation business. This brings the company closer to completing the acquisition of AirAsia Aviation Group Limited and AirAsia Berhad to form a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":3226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31],"tags":[],"class_list":["post-3221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-airlines"],"jetpack_featured_media_url":"https:\/\/holidaysabah.com\/wp-content\/uploads\/2024\/09\/Screenshot_20240918_153503_Google.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/holidaysabah.com\/index.php?rest_route=\/wp\/v2\/posts\/3221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/holidaysabah.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/holidaysabah.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/holidaysabah.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/holidaysabah.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3221"}],"version-history":[{"count":2,"href":"https:\/\/holidaysabah.com\/index.php?rest_route=\/wp\/v2\/posts\/3221\/revisions"}],"predecessor-version":[{"id":3227,"href":"https:\/\/holidaysabah.com\/index.php?rest_route=\/wp\/v2\/posts\/3221\/revisions\/3227"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/holidaysabah.com\/index.php?rest_route=\/wp\/v2\/media\/3226"}],"wp:attachment":[{"href":"https:\/\/holidaysabah.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/holidaysabah.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/holidaysabah.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}