Capital A shareholders approve disposal of aviation business to AirAsia X

In a statement, the group said this move marks a pivotal milestone that will allow them to focus on the four strategic pillars that will drive its transformation into a future-proofed tech-driven aviation service.

“Separating the aviation and non-aviation businesses allows us to sharpen our focus on maturing the high-growth aviation support services and digital businesses we have built to support the aviation business,” he said. “From digital travel to logistics and brand management, we are building a robust, tech-powered aviation services ecosystem. Today’s approval from our shareholders also paves the way for Capital A to move to a clean balance sheet that will provide the clarity and flexibility to finalise our regularisation plan and exit PN17 status soon,” he noted.

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