Capital A enters final phase of restructuring efforts

Capital A said the exercise represents a major milestone in its regularisation.

KUALA LUMPUR: Capital A Bhd will distribute 1.69 billion new shares in AirAsia X Bhd (AAX) to its eligible shareholders via a dividend-in-specie, marking the final stage of its restructuring plan.

In a statement, the group said the move forms part of the final phase in the disposal of its airline business to AAX, consolidating all AirAsia-branded airlines under a single entity and paving the way for Capital A’s transformation into a multi-platform travel and digital group.