5 days ago
- Business
- Malaysian Reserve
AirAsia X, Capital A extend aviation restructuring deadline to July 31
AirAsia X Bhd and Capital A Bhd have extended the deadline for their aviation business restructuring deal by two months – from May 31 to July 31, 2025 – to allow time for finalising the terms of AirAsia X's RM1 billion private placement and securing regulatory and lender approvals.
In filings to Bursa Malaysia, the companies noted that due diligence for AirAsia Aviation Group and AirAsia Bhd has been completed.
The proposed restructuring involves AirAsia X acquiring AirAsia Aviation Group for RM3 billion and AirAsia Bhd for RM3.8 billion, alongside a RM1 billion fundraising exercise led by a sovereign wealth fund.
AirAsia X's shares closed 2.33% lower at RM1.68 today, with a market capitalisation of RM751.1 million. Capital A slipped 2.3% to 85 sen, valuing the group at RM3.7 billion. — TMR
