AirAsia X issues circular on proposed RM6.8bil acquisition for shareholders' review

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Aviation News

AAX,Capital A,Proposed Acquisition

BANGKOK: A crocodile farm in Thailand has culled 125 of the reptiles because of fears they could escape during ongoing floods and endanger human lives, the owner said on Wednesday (Sept 25).

's entire equity stake in AirAsia Aviation Group Ltd and AirAsia Bhd for its shareholders’ review ahead of its Extraordinary General Meeting on Oct 16.

"Upon completion of the transaction, the new aviation group will cover the full spectrum of short, medium, and long-haul air travel services to capitalise on growing travel demand,” it said. He said the shareholders stand to benefit from the exercise by being part of a more resilient and agile aviation group, ready to adapt and thrive in a rapidly recovering international air travel market.

 

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