Capital A, the parent company of AirAsia, has taken a major step forward in its corporate restructuring process by issuing a Circular to Shareholders that outlines its Proposed Regularisation Plan. The plan includes a capital reduction of up to $1.3 billion, which aims to facilitate the company’s exit from Practice Note 17 (PN17) status on the Bursa Malaysia stock exchange.
Capital A, the parent company of AirAsia, has successfully completed its $226 million private placement, according to Group CEO Tony Fernandes. While the investment round is finalized, no details on the investors have been disclosed. The funds are expected to support Capital A’s ongoing restructuring and expansion strategy.
AirAsia X (Malaysia) has announced a mutual agreement with Capital A (Malaysia) to extend the deadline for completing its proposed acquisition of Capital A’s aviation business, which includes AirAsia Aviation Group and AirAsia. The revised timeline now extends from 25 January to 24 March 2025.
Capital A, the parent company of AirAsia and several other subsidiaries, has taken a significant step in its recovery process by submitting its Proposed Regularization Plan to Bursa Malaysia Securities. This marks a pivotal move in the company’s journey to exit the Practice Note 17 (PN17) status, which is associated with financial distress.
AirAsia, the Malaysia-based low-cost carrier, has taken delivery of two Airbus A321neos, identified by serial numbers 12258 and 12154. Both aircraft are powered by LEAP-1A32 engines, manufactured by CFM International, reinforcing AirAsia’s commitment to expanding its modern and fuel-efficient fleet.
AirAsia, a leading low-cost carrier based in Malaysia, has taken delivery of an Airbus A321neo, identified by serial number 12154. The aircraft is powered by LEAP-1A32 engines, renowned for their efficiency and environmental performance.
AirAsia Aviation Group, headquartered in Malaysia, is currently engaged in discussions with Airbus, Comac (China), and Embraer to procure up to 100 regional aircraft. The potential order reflects AirAsia’s intent to expand its operations and enhance its regional connectivity.
AirAsia (Malaysia) has expanded its fleet with the delivery of a new Airbus A321neo, serial 12225, under a lease agreement. The aircraft is powered by advanced LEAP-1A32 engines, ensuring operational efficiency and lower emissions, aligning with AirAsia’s commitment to sustainable aviation practices.
AirAsia Aviation Group, based in Malaysia, is exploring the establishment of a new airline unit in Vietnam as part of its ambitious multi-hub strategy for Southeast Asia. This move highlights AirAsia’s commitment to expanding its footprint in the region and capitalizing on the growing demand for air travel in Vietnam.
AirAsia (Malaysia) has expanded its fleet with the delivery of a new Airbus A321neo, identified by serial number 12116. The aircraft is equipped with LEAP-1A32 engines, offering advanced fuel efficiency and performance.
