Capital A upbeat about exiting PN17 status soon

Capital A chief executive officer Tan Sri Tony Fernandes.

KUALA LUMPUR: Capital A Bhd is poised to be in a positive equity position and optimistic about exiting its Practice Note 17 (PN17) status by the end of December this year, says chief executive officer Tan Sri Tony Fernandes.

He said Capital A hopes to secure the approval of AirAsia X Bhd (AAX) shareholders at AAX’s EGM today for the sale of the group’s aviation business to the latter.