Capital A expect to exit PN17 status by year-end

Capital A CEO Tan Sri Tony Fernandes.

KUALA LUMPUR: Capital A Bhd expects to complete the consolidation of its aviation business to AirAsia X Bhd and exit Practice Note 17 (PN17) status by the end of this month. 

Capital A chief executive officer Tan Sri Tony Fernandes said the group has filed in the court for a capital reduction for Capital A and the pricing of AirAsia Aviation shares.