Monday, January 27, 2025 AirAsia X extends the timeline to complete its acquisition of Capital A’s aviation business, enhancing connectivity and synergies, with operations based in Sepang. AirAsia X Berhad (AAX) has announced a mutual agreement with Capital A Berhad (Capital A) to extend the timeline for completing the proposed acquisition of Capital A’s aviation business. This includes AirAsia Aviation Group Limited (AAAGL) and AirAsia Berhad (AAB), both integral to the group’s operations.
The revised timeline pushes the completion date back by two months, moving from January 25 to March 24, 2025. This extension allows both parties additional time to finalise the transaction and ensure all required processes are completed smoothly. The decision reflects the importance of meticulous planning for such a significant acquisition.
During this period, AAX will also work on securing definitive agreements with identified investors for its Proposed Private Placement. The placement aims to raise gross proceeds of RM1 billion, which will support the airline’s financial strategy and operational enhancements. Importantly, due diligence for both AAAGL and AAB has already been successfully completed.
The proposed acquisition is expected to unlock substantial synergies for AAX. These include strengthened network connectivity, improved fleet utilisation, and enhanced operational cost efficiencies. These benefits will position the airline for sustainable growth and better competitiven.