AAX exits PN17 status on positive showing

AAX posts Q3 net profit of RM5.56mil on higher revenue of RM648.36mil.

PETALING JAYA: Bursa Malaysia has approved AirAsia X Bhd’s (AAX) application for the upliftment of its Practice Note 17 (PN17) status, which takes effect from today.

In a filing with Bursa Malaysia yesterday, the airline company said it had been granted an appeal by the local bourse for the upliftment of its PN17 status if it fulfilled certain conditions.