KUALA LUMPUR: AirAsia X Bhd
(AAX) has fully secured its RM1 billion private placement at RM 1.65 per share.
The placement was fully subscribed by a broad mix of institutional and private investors as the company enters the final stage of its aviation restructuring.
"The completion of this placement represents a key step towards the formation of the enlarged AirAsia group,” said AAX in a statement today.
The budget long-haul airline said the transaction is scheduled to be completed on Jan 19, 2026, with the new shares to be listed on the Main Market of Bursa Malaysia on the same day.
"As the consolidation nears its targeted completion on Jan 19, the group’s focus remains on scaling with discipline, ensuring the business is well positioned to operate reliably, respond to demand and continue offering accessible air travel, while creating sustainable value for shareholders,” it said.
On April 25, 2024, AAX announced its plans to acquire AirAsia Aviation Group and AirAsia Bhd for a combined RM6.8 billion, alongside a proposed RM1 billion private placement.
Meanwhile, the group is exploring the development of a strategic hub in Bahrain and finalising additional aircraft orders to optimise fleet planning, reduce unit costs, improve loads, reach new markets, and enhance margin performance. - Bernama
