AirAsia X to acquire Capital A’s aviation business

AirAsia X (AAX) has announced its intention to acquire Capital A’s aviation businesses, consisting of a proposed 100% equity acquisition of AirAsia Berhad and AirAsia Aviation Group. ‘The strategic move positions AAX to become the overarching regional aviation provider for all short and medium-haul routes under the AirAsia brand name,’ said the company, describing the acquisitions as being expected to provide a ‘strengthened market position’ and ‘increased operational efficiency’. “The consolidation under the AirAsia brand as a one-listed entity reflects on our commitment to capitalise on our regained strength and market confidence,” explained AirAsia X Chairman, Dato’ Fam Lee Ee.