AirAia in restructure mode

BTN News
Monday, 17 June 2024

Malaysian budget carrier AirAsia is undergoing a major restructuring led by its parent company, Capital A.


The plan is that Capital A would divest 100 per cent of its shares in two short-haul subsidiaries to a new company, AirAsia Group, for MYR6.8 billion and Capital

A would receive AirAsia Group shares, retaining a direct ownership of 18.39 per cent in the new company, (which also would hold shares in long haul 'sister' airline AirAsia X).

Capital A ceo Tony Fernandes, who recently signed a five-year employment contract with the parent firm, said the restructuring would drive growth across

Capital A's non-airline businesses like digital services and logistics.

The proposals are expected to be completed by Q3 this year.

AirAia in restructure mode

BTN News
Monday, 17 June 2024

Malaysian budget carrier AirAsia is undergoing a major restructuring led by its parent company, Capital A.


The plan is that Capital A would divest 100 per cent of its shares in two short-haul subsidiaries to a new company, AirAsia Group, for MYR6.8 billion and Capital

A would receive AirAsia Group shares, retaining a direct ownership of 18.39 per cent in the new company, (which also would hold shares in long haul 'sister' airline AirAsia X).

Capital A ceo Tony Fernandes, who recently signed a five-year employment contract with the parent firm, said the restructuring would drive growth across

Capital A's non-airline businesses like digital services and logistics.

The proposals are expected to be completed by Q3 this year.