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Kuala Lumpur, 18 January 2026 - Capital A Berhad announced today that it has completed the sale of its aviation business (AirAsia Berhad and AirAsia Group Berhad) to AirAsia X (AirAsia The six-year restructuring plan has officially come to an end and opened a new chapter for the next stage of development. The transaction was completed through the distribution and issuance of a total of 2,307,692,307 new shares of AirAsia X (the Consideration Shares) in the form of dividends in kind to 1Bitou Group and its eligible shareholders. At the same time, AirAsia X also assumed the RM3.8 billion debt previously owed by Capital A to AirAsia Berhad. In addition, AirAsia X also simultaneously allotted and issued 606,060,606 placement shares to investors. The above consideration shares and placing shares are expected to be listed and listed on the Main Board of Bursa Malaysia on January 19, 2026. Following the completion of the transaction, all AirAsia-branded airlines will be consolidated under a single aviation platform (the AirAsia Group), while Capital A formally pivots to accelerate the development of its non-aeronautical business portfolio. Tony Fernandes, CEO of 1Bit Group, said: This is one of the most emotional moments of my career. We have finally closed the most difficult chapter in the companys history. This transaction marks the formal completion of one of the most complex and rigorous restructuring efforts in the aviation industry since the COVID-19 pandemic shut down the global aviation industry six years ago. Giving up was never an option for us, and we chose to proceed step by step, rebuilding the right way with every approval. Now, the sale of the aviation business is finally completed. To all. Allstars, shareholders, partners and regulators - this is not just the end of a restructuring journey, but a journey that demonstrates our resilience, perseverance and determination, allowing us to persevere through the toughest times and move forward stronger. Im incredibly proud of what weve accomplished. AirAsia will be integrated into a unified airline group to provide passengers with better connections and value. At 1B Group, our ecosystem - ADE, Teleport, AirAsia MOVE, AirAsia Next and Santan will further focus on their respective strategic priorities, accelerate growth, and create long-term, sustainable value for shareholders. I am looking forward to the journey ahead. Teh Mun, Chief Financial Officer of 1B Group Hui also said: In a six-year process involving multiple jurisdictions, we have struck a balance between speed and compliance. We have successfully completed a clear and robust asset transfer arrangement, mainly using AirAsia X shares as consideration, and AirAsia X will assume RM3.8 billion of debt, thereby protecting cash flow, optimizing the balance sheet, and creating two clearly positioned independent entities. With the completion of the transaction, the share allocation will be synchronized with the listing, and we will also apply for the release of PN17 as soon as possible. Status. In the future, as an asset-light Capital A, under strict capital management and sound corporate governance, its five major businesses - ADE, Teleport, AirAsia MOVE, AirAsia Next and Santan will be committed to reducing costs, driving revenue growth, and bringing sustainable returns to shareholders. OneBitou Group will further announce the remaining procedures and the progress of the application to lift the PN17 status.
Capital A, Global, News, Jian Ti Zhong Wen Rizal Redzuan -January 18, 2026News, Capital A, Global
