AAX 1Q revenue up 65.6%


PETALING JAYA: Amidst the ongoing merger and acquisition (M&A) where AirAsia X Bhd (AAX) is acquiring Capital A Bhd’s aviation business, AAX has committed to fully activating its fleet by the second half of this year.

In a filing with Bursa Malaysia, the airline, which saw its Practice Note 17 (PN17) status being uplifted last November, reported that as of the end of March, its fleet size stood at 18 aircraft, with 16 already activated. It said the focus remains on the full activation of its fleet by the second half of the year.

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