News Formal

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

  • 📰 malaymail
  • ⏱ Reading Time:
  • 26 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 86%

Aisasia X News

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

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

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 issues circular on proposed RM6.8bil acquisition for shareholders' reviewBANGKOK: 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).
Source: staronline - 🏆 4. / 75 Read more »

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 »