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AirAsia X shareholders approve acquisition of Capital A’s RM6.8b aviation business

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Capital A,Acquisition

KUALA LUMPUR, Oct 16 — AirAsia X Bhd’s (AAX) shareholders have approved and expressed strong support for the proposed acquisition of Capital A’s entire equity interest in the...

In a statement today, AAX said 99.08 per cent of its shareholders voted in favour of the acquisition during the extraordinary general meeting. — Picture by Firdaus LatifKUALA LUMPUR, Oct 16 — AirAsia X Bhd’s shareholders have approved and expressed strong support for the proposed acquisition of Capital A’s entire equity interest in the aviation business within AirAsia Aviation Group Ltd and AirAsia Bhd for RM6.8 billion.

“This pivotal decision clears the path for AAX’s transformative acquisition which is expected to be completed by year-end as an enlarged aviation group, subject to final court and regulatory approvals,” it said. “Upon completion, the new aviation group will offer a comprehensive range of low-cost air travel services across short, medium, and long-haul routes, establishing the Kuala Lumpur International Airport as a leading aviation megahub and positioning ASEAN as a key global transit point,” it said.

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