The company said no application has been submitted to the relevant authorities in respect of the proposed change of name.
KUALA LUMPUR: AirAsia X Bhd
(AAX) has clarified that no definitive decision has been made on renaming the company to AirAsia on Jan 19, 2026.
Instead, the long-haul budget airline said it is currently exploring a possible change of company name to reflect the consolidation of AirAsia Group’s aviation business upon completion of its ongoing acquisition of 100% equity interest in AirAsia Bhd and AirAsia Aviation Group Ltd.
“At this juncture, no definitive decision has been made, and no application has been submitted to the relevant authorities in respect of the proposed change of name.
“Any such proposal remains subject to internal deliberations, board of directors’ approval, regulatory approvals and shareholders’ approval, where applicable,” said AAX in a Bursa Malaysia filing, adding that the company will make the requisite announcement(s), if any, in due course.
Capital A Bhd (the parent company of AAX) chief executive officer Tan Sri Tony Fernandes said in a LinkedIn post on Tuesday that AAX will be renamed AirAsia and listed as a newly quoted stock on Jan 19.
Separately, Capital A Bhd has disposed of 17 million ordinary shares in AAX through direct business transactions for a cash consideration of RM28.05mil.
Capital A said the shares were sold at an implied price of RM1.65 each, which is the same price that AAX offered to its selected investors to subscribe for new AAX shares during its private placement exercise.
Following the disposal, Capital A’s shareholding in AAX declined from 57.07 million shares, or 12.77% of the total issued shares, to 40.07 million shares, representing an 8.96% equity interest.
“The consideration was determined on a willing buyer-willing seller basis, taking into account that AAX had previously set and announced the issue price for its private placement at RM1.65 per share.
“The transaction is also undertaken to reduce Capital A’s collective shareholdings in AAX to below 33% before the completion of AAX private placement and Capital A’s distribution of part of the consideration shares to its entitled shareholders,” it said. — Bernama
