- Rebrand to AirAsia on January 19, 2026.
- Consolidation of long-haul and short-haul into one entity.
- Aviation assets disposal valued at €1.564 billion.
- New aircraft order for cost reduction.
- Target 30pc EBITAR margins and dividends post-debt.
AirAsia X is set to rename as AirAsia effective January 19, 2026, as parent Capital A completes its corporate restructuring and exits Practice Note 17 status. The renaming aligns with consolidating the group’s long-haul and short-haul aviation businesses into one entity. The restructuring includes disposing Capital A’s aviation assets to AirAsia X in a deal valued at €1.564 billion.
The group is finalising a new aircraft order to lower costs and optimise the fleet. The timeline involves distributing AirAsia X shares to Capital A shareholders after a €0.226 billion private placement. Capital A anticipates share allocation by January 16, with listing on Bursa Malaysia on January 19.
Capital A plans to apply for lifting Practice Note 17 status on January 19, with a court hearing on January 21. Post-disposal, Capital A will hold non-aviation businesses like MRO, logistics, and digital services. Strategic goals include 30pc EBITAR margins and building a low-cost version of Emirates and Qatar Airways using a hub in Bahrain International.
Tony Fernandes shared “AirAsia will be one airline group and one brand. We will consolidate AirAsia X and AirAsia as one airline group with global ambitions. The group is finalising a new aircraft order intended to reduce costs and optimise fleet. Dividends would be targeted once pandemic-era debt is reduced.”
