AirAsia to merge with AirAsia X to form AirAsia Aviation

AirAsia is all set to merger with AirAsia X under a new name AirAsia Aviation. The merger is a part of Capital A’s restructuring plan after the company suffered major losses during pandemic. The new airline AirAsia Aviation will be headed by Bo Lingam while the Group CEO Tony Fernandes will oversee Capital A. The proposal will likely be submitted to Bursa Malaysia Securities by February next year. Fernandes said: “From what looked like a very sick airline, we’ve saved it. We are refloating it and listing it as an independent listed vehicle.” As part of the corporate restructuring, AirAsia