Capital A restructuring final chapter sets stage for PN17 uplift and new era in travel and digital ventures
Capital A Berhad confirmed that all key conditions for the sale of its airline business to AirAsia X Berhad have been met. The sale and purchase agreements are now unconditional, marking the final chapter of Capital A’s restructuring journey.
This move completes the consolidation of all AirAsia airlines under one group. It also opens a new chapter for Capital A, which will focus on its multi-platform travel and digital ventures.
Completion is targeted for December. Capital A plans to apply for the PN17 uplift before year-end, nearly six years after the pandemic disrupted the aviation industry.
According to CEO Tony Fernandes, this marks a major milestone. “We are now in the final chapter of what felt like a never-ending ordeal. We came back stronger with a unified airline group and a new set of businesses under Capital A,” he said.
Once the process concludes, two focused companies will emerge.
- AirAsia Group will unite seven airlines under one platform, building a network around several regional megahubs. The group aims to become the world’s first narrowbody low-cost network carrier using Airbus A321neo and A321XLR aircraft.
- Capital A will operate five high-potential businesses: ADE (engineering), Teleport (logistics), AirAsia MOVE (travel platform), Santan (F&B), and AirAsia NEXT (brand and IP licensing).
Capital A will focus on data-driven travel and digital growth, powered by its ecosystem of customers, technology, and logistics.
Fernandes credited the company’s “Allstars” for their resilience. “We will never forget those who stood by us. Our survival shows that discipline and persistence always win,” he said.
With the restructuring nearly done, Capital A prepares to start its next journey beyond aviation, positioning itself as a major ASEAN player in digital and travel industries.
