KUALA LUMPUR, Oct 30 — Capital A Bhd has announced that all conditions required for the disposal of its airline business have now been met, and that the sale and purchase agreements with AirAsia X Bhd have turned unconditional.

Speaking at a press conference today, Capital A chief executive officer Tan Sri Tony Fernandes said this milestone signals the “final chapter” in the restructuring of its aviation business and marks the beginning of a new phase as a multi-platform travel and digital group. 

He said the milestone follows the fulfilment of all outstanding requirements; all stakeholder consent letters and the RM1 billion private placement commitment letters for AirAsia X have been secured.

Additionally, on Oct 17, 2025, a major hurdle relating to a regulatory exemption required from Thailand was resolved.

With the agreements now unconditional, both parties will move ahead with the remaining steps, which are Capital A’s capital reduction and distribution, the allotment and listing of AirAsia X’s shares, and other procedural requirements.

These are expected to be completed by December, which will be followed by the Practice Note 17 (PN17) uplift application in the same month. 

“We will begin our next journey with the two distinct companies. The airline group, which will be called AirAsia Group, will bring together all seven AirAsia airlines – medium and short-haul – under one platform to operate as one network across the region.

“Meanwhile, Capital A will focus on expanding its five high-potential, high-growth travel and digital companies,” he said. 

Capital A’s five companies are ADE (engineering), Teleport (logistics), AirAsia MOVE (travel platform), Santan (F&B business), and its brand licensing and intellectual property (IP) business, Abc., which would be renamed to AirAsia NEXT.

When the airline consolidation is complete, Fernandes said that AirAsia Group would run as one operation with a strategy built around multiple key megahubs across the region rather than relying on a single home market.

“We are back to growing this airline in a cash-positive way,” said Fernandes. — Bernama