AirAsia X shares take flight as PN17 status uplifted

KUALA LUMPUR: AirAsia X Bhd and parent company Capital A Bhd were among the two most active counters on Bursa Malaysia following the latter's upliftment from Practice Note 17 (PN17) status by Bursa Securities.

At the open, AirAsia X jumped 23 sen or 11% to RM2.33 a share on news the long-haul low-cost airline was no longer considered financially distressed, and no longer faced the threat of being delisted.