KUALA LUMPUR: AirAsia X Bhd
has completed the acquisition of AirAsia Bhd (AAB) and AirAsia Aviation Group Ltd from Capital A Bhd, marking the final step in the consolidation of the group’s aviation businesses.
“The transaction was settled via the allotment and issuance of 2,307,692,307 new ordinary shares in AirAsia X to Capital A and its entitled shareholders, together with AirAsia X’s assumption of RM3.8bil previously owed by Capital A to AAB,” the group said in a statement. — Bernama
