PETALING JAYA: Capital A Bhd
has said its shareholders have approved the proposed disposal of the group’s aviation business to AirAsia X Bhd during its general meeting held yesterday.
In a statement, the group said this move marks a pivotal milestone that will allow them to focus on the four strategic pillars that will drive its transformation into a future-proofed tech-driven aviation service.
Its chief executive officer Tan Sri Tony Fernandes said with the approval to divest the aviation business, the group is now unlocking a bright new future by delineating our pure-play aviation business from aviation support services.
“Separating the aviation and non-aviation businesses allows us to sharpen our focus on maturing the high-growth aviation support services and digital businesses we have built to support the aviation business,” he said.
