PETALING JAYA: Capital A Bhd ’s sale of AirAsia’s aviation business to AirAsia X Bhd (AAX) has been extended to April 30, 2024.
In a filing with Bursa Malaysia, Capital A said the group and AAX had mutually agreed to extend the negotiation period to execute the definitive agreement until the end of this month.
Capital A plans to dispose of its entire stake in AirAsia Bhd (AAB), a wholly-owned subsidiary of the group, and its 100% equity interest in AirAsia Aviation Group Ltd (AAAGL).
AAAGL operates passenger airline services through subsidiaries in Thailand, Indonesia, the Philippines and Cambodia. — Bernama