Capital A and AAX extend deal timeline, eye finalisation by March 24

Capital A chief executive officer Tan Sri Tony Fernandes

KUALA LUMPUR: Capital A Bhd has mutually agreed with AirAsia X Bhd (AAX) to extend the cut-off dates for the completion of the proposed disposal of AirAsia Aviation Group Limited (AAAGL) and AirAsia Bhd (AAB) to AAX.

In a statement, Capital A announced that the timeline has been extended by two months, from Jan 25 to March 24, providing both parties additional time to finalise the transaction for AAAGL and AAB.