Capital A’s sale of airline business to AAX a positive

Capital A said the disposal of its airline business to AAX was aimed at enhancing operational efficiency and better cater to the overall market demands.

PETALING JAYA: Capital A Bhd’s move to dispose of its airline business to sister company AirAsia X Bhd (AAX) is seen as a positive development to help the former uplift itself from its Practice Note 17 status, or risk triggering a trading suspension.

However, TA Research is not turning positive on Capital A yet as the market awaits more details on the deal.