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AirAsia X shareholders approve acquisition of Capital A’s aviation business

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PETALING JAYA: AirAsia X (AAX) shareholders expressed strong support for the proposed acquisition of Capital A’s entire equity interest in the aviatio...

The decision clears the path for AAX’s transformative acquisition which is expected to be completed by the end of the year.

At the EGM, 99.08% of shareholders voted in favour of the resolution, signalling strong support for AAX’s vision to capitalise on new market opportunities, strengthen operational synergies and expand its service offerings. The pivotal decision clears the path for AAX’s transformative acquisition which is expected to be completed by the end of the year as an enlarged aviation group, subject to final court and regulatory approvals.

AirAsia X chairman Datuk Fam Lee Ee said the unanimous approval from their shareholders marked a pivotal moment for AAX as they take a bold step forward in shaping the future of low-cost travel. Fam said their focus now is on sustainable expansion and innovation, driving greater value for their guests and shareholders. “As we move into this exciting new chapter, the enlarged aviation group is poised to capture even more growth opportunities and build a more sustainable business model for the decades ahead.”

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