AirAsia X enters next phase of acquiring Capital A’s aviation business

KUALA LUMPUR: AirAsia X Bhd (AAX) has filed a listing application and draft circular with Bursa Malaysia Securities Bhd for its proposed acquisition of Capital A Bhd’s stakes in AirAsia Aviation Group and AirAsia Bhd.

In a statement, AAX said it would expedite the process by ceasing the proposed internal reorganisation and proceeding with the proposed acquisitions directly under AAX.