News
Capital A expects AirAsia transaction to be finalized soon
September 1st 2025
Capital A CEO, Tony Fernandes, said late last week the divestment of the company’s AirAsia Group to AirAsia X (AAX) is in its final stages. Read More » In a regulatory filing, Capital A stated it is answering queries from the Thailand Securities and Exchange Commission (SEC) about the transaction. "On the aviation disposal, we are on the last leg of restructuring," Fernandes said in Capital A’s interim financial results. "We are responding to some feedback from the Thai SEC. We hope to resolve outstanding matters soon." Capital A will focus on aviation services, digital products, a logistics arm and a licensing and partnerships business after its airline sector divestment is completed. AAX will be home to AirAsia-branded airlines in Cambodia, Indonesia, Malaysia, the Philippines and Thailand as well as medium-haul AAX operations. AirAsia Group airlines recorded after tax profits of 884 million ringgit (US$209 million) in the quarter to June 30, a turnaround from a 552 million ringgit loss in the same months in 2024.
