Capital A, AAX extend negotiations

PETALING JAYA: Capital A Bhd’s sale of AirAsia’s aviation business to AirAsia X Bhd (AAX) has been extended to April 30, 2024.

In a filing with Bursa Malaysia, Capital A said the group and AAX had mutually agreed to extend the negotiation period to execute the definitive agreement until the end of this month.

Capital A plans to dispose of its entire stake in AirAsia Bhd (AAB), a wholly-owned subsidiary of the group, and its 100% equity interest in AirAsia Aviation Group Ltd (AAAGL).

AAAGL operates passenger airline services through subsidiaries in Thailand, Indonesia, the Philippines and Cambodia. — Bernama