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

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.”

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Capital A to seek shareholder approval for aviation business sale to AirAsia X at October EGMKUALA LUMPUR, Sept 23 — Capital A Bhd will hold an extraordinary general meeting (EGM) on Oct 14, 2024, where the proposed disposal of its aviation business to sister company...
Source: malaymail - 🏆 1. / 86 Read more »

AirAsia X shareholders approve acquisition of Capital A's RM6.8bil aviation business(Reuters) - Brazil enjoyed a thumping 4-0 win over Peru in a 2026 World Cup qualifier on Tuesday to build on the momentum from last week's come-from-behind win in Chile but head coach Dorival Junior said his side remain very much a work in progress.
Source: staronline - 🏆 4. / 75 Read more »

AirAsia X shareholders approve acquisition of Capital A’s RM6.8b aviation businessKUALA 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...
Source: malaymail - 🏆 1. / 86 Read more »