📋 Tender Overview
All major conditions for integrating the aviation business have been met and the relevant agreements are now unconditionally effective. The deal is expected to close in December, with Capital A subsequently planning to apply to be lifted from PN17 status by the end of the year, capping off a restructuring process nearly six years since the start of the coronavirus pandemic. After the transaction is completed, the group will form two companies focused on development: AirAsia Aviation Group, which operates under a single umbrella, and Capital A Group, which focuses on multi-platform travel and digital businesses.
Board members from Capital As companies, including AirAsia X and AirAsia Group Bhd, pose for a group photo. From left to right: Tan Sri Jamaludin Ibrahim, Dato Seri Mohammed Shazalli Ramly, Dato Abdul Mutalib Alias, Tan Sri Tony Fernandes, Brigadier General (R) Dato Fadzillah Abdullah, Datuk Fam Lee Ee, Datuk Kamarudin Meranun, Dato Abdel Aziz @ Abdul Aziz bin Abu Bakar, Dato Mohamed Khadar Bin Merican, Senator Datuk Dr Ras Adiba Radzi and Ms Chin Min Ming.
Kuala Lumpur, October 30, 2025 - Capital A Berhad (Capital A) announced that all necessary conditions for the sale of its aviation business have been met and the sale and purchase agreement signed with AirAsia X Berhad (AirAsia X) is now unconditionally effective. This marks the official completion of the final phase of the integration of all AirAsias aviation businesses into a single airline group, and also marks the official start of Capital As new journey as a diversified travel and digital group. Previously, Capital A had completed all outstanding requirements, including obtaining consent letters from all stakeholders and a private placement commitment letter worth RM1 billion from AirAsia X. In addition, on October 17, a key exemption from Thai regulators was successfully approved, lifting a major obstacle. With the agreement now unconditionally effective, the parties will proceed with the remaining steps, including the capital reduction and distribution of Capital A, the distribution and listing of AirAsia X shares, and other procedural matters. The works are expected to be completed in December, with applications to be released from PN17 status subsequently submitted in the same month. Capital A CEO Tony Fernandes said: Today is a landmark day for me as we can finally announce that all major conditions have been met and the agreement has entered into force unconditionally. Over the past year, we have overcome many approvals and challenges to get to this point. We are now entering the final chapter of this long journey. We have never stopped and have emerged stronger, with an even more robust Aviation Group and five new companies with great potential under Capital A. We will start a new journey as two independent companies. The Aviation Group will be named AirAsia Group - bringing together all seven AirAsia airlines (short and medium haul) to operate as a unified network in the region; while Capital A will focus on expanding its five high-potential, high-growth travel and digital companies. I would like to thank all the Allstars who never gave up and never forget the partners who supported us along the way. Our survival and rebirth are proof that resilience and discipline will win out after the integration of the aviation business. It will operate with a multi-hub strategy and no longer rely on a single parent market. It aims to become the worlds first narrow-body low-cost airline. This will improve passenger connectivity, optimize fleet utilization, reduce unit costs and create room for future growth, with a focus on the introduction of narrow-body aircraft including the Airbus A321neo and the long-range A321XLR. At the same time, Capital As five non-aviation business companies will become a new chapter in the groups development outside the aviation industry, including: ADE (engineering services), Teleport (logistics), AirAsia MOVE (travel platform), Santan (catering business), and Abc. (brand licensing and intellectual property business), which will be renamed AirAsia NEXT. These companies have the potential to become market leaders in their respective fields and redefine ASEANs business landscape in the same way AirAsia revolutionized the regional aviation industry. Relying on Capital As huge data, technology and user ecosystem, these businesses can achieve cross-platform value synergy. With strong leadership, excellent execution and a culture of continuous innovation, Capital A will continue to expand the scale of these five companies, drive sustainable growth and create long-term value for shareholders. Todays announcement marks the final stage of the restructuring as Capital A prepares for its new journey post-PN17. *** Complete ***
Capital A, Malaysia, Simplified Chinese Loi On Chan -October 30, 2025
