Capital A seeks extra time

PETALING JAYA: Capital A Bhd, formerly known as AirAsia Group Bhd, is seeking an extension of time from Bursa Malaysia in submitting a regularisation plan that will see the merger of two airlines for the group to emerge from its current Practice Note 17 (PN17) status.

Originally, Capital A was given a deadline of Jan 7 2023 to reveal its finalised strategy to the regulator but is requesting an extension of the cut-off date to July 7 next year.