Capital A on track for PN17 exit in December

Capital A chief executive officer and AirAsia founder Tan Sri Tony Fernandes.

KUALA LUMPUR: Capital A Bhd has cleared a key hurdle to be lifted out of its Practice Note 17 (PN17) status by the end of this year.

This is following all conditions required for the disposal of its airline business to its sister company AirAsia X Bhd (AAX) having now been met and the sale and purchase agreements with AAX having turned unconditional.