Capital A to complete airline disposal in October, eyes PN17 exit by year-end - Tony Fernandes

Capital A CEO Tan Sri Tony Fernandes

KUALA LUMPUR: Capital A Bhd is optimistic of completing the disposal of its airline business to AirAsia X Bhd (AAX) by October, paving the way for the group to seek removal of its Practice Note 17 (PN17) status by year-end.

Chief executive officer Tan Sri Tony Fernandes said the three conditions to facilitate the disposal include securing RM1 billion in capital, finalising six consent letters and obtaining a waiver from the Thai Stock Exchange on the general offer requirement.