- Corporate focus shifts to other sectors for Capital A.
- Capital A disposes aviation businesses to AirAsia X on 16 January 2026.
- Settled with 2.3bn AirAsia X shares and assumption of €837m debt.
- Capital A stake reduced to 8.96pc below 33pc takeover threshold.
- AirAsia X raises €246.6m through private placement shares.
- Allows Capital A focus on non-aviation and exit financial distress status.
Capital A has completed the disposal of its aviation businesses to AirAsia X, finalising a restructuring to consolidate airline operations under one entity.
The transaction concluded on 16 January 2026 through issuance of approximately 2.3bn AirAsia X shares to Capital A and shareholders, plus AirAsia X assuming MYR3.8bn (€837m) in debt. Capital A reduced its direct stake in AirAsia X from 12.77pc to 8.96pc by selling 17m shares on 14 January for MYR28.1m (€6.9m). AirAsia Aviation Group covers non-Malaysian joint ventures using the AirAsia brand. AirAsia X raised MYR1bn (€246.6m) via private placement of 606m shares, listed on 19 January.
The move allows Capital A to focus on non-aviation businesses and exit financial distress status. The disposal follows six years of restructuring post-Covid impacts.
Tony Fernandes shared “the completion the most challenging chapter in the firm’s history, noting it allows the company to concentrate on exiting its Practice Note 17 financial distress status.”
