AirAsia X to acquire Capital A's aviation business

Capital A Bhd CEO Tan Sri Tony Fernandes

KUALA LUMPUR: AirAsia X Bhd (AAX) has entered into a non-binding letter of acceptance with Capital A Bhd for the proposed acquisitions of its aviation businesses, namely AirAsia Bhd and AirAsia Aviation Group Limited.

In a statement, the carrier said the move positioned AAX to become the overarching regional aviation provider for all short and medium-haul routes under the AirAsia brand name.