Capital A to sell airline business to AirAsia X

SEPANG: Capital A Bhd, the parent company of AirAsia, plans to sell all its airline businesses to its sister company, AirAsia X Bhd (AAX), which is aimed at enhancing operational efficiency and better cater to the overall market demands.

Chief executive officer (CEO) Tan Sri Tony Fernandes said the move was part of a comprehensive consolidation plan to transfer all short-haul businesses in Malaysia, Thailand, Indonesia, the Philippines and Cambodia to AAX, which currently operates mid-haul flights.