Stronger together: Upon completion, the new aviation group will offer a comprehensive range of low-cost air travel services across short, medium, and long-haul routes, establishing KLIA as a leading aviation megahub and positioning Asean as a key global transit point
SEPANG, 16 October 2024 – AirAsia X (AAX) is pleased to announce that its shareholders expressed strong support for the Proposed Acquisition of Capital A’s entire equity interest in the aviation business within AirAsia Aviation Group Limited (AAAGL) and AirAsia Berhad (AAB) for RM6.8 billion, during the Extraordinary General Meeting (EGM) held today.
Dato’ Fam Lee Ee, Chairman of AirAsia X said: “The unanimous approval from our shareholders marks a pivotal moment for AAX as we take a bold step forward in shaping the future of low-cost travel.”
Benyamin Ismail, CEO of AirAsia X said, “We extend our gratitude to our shareholders for their strong validation of our growth plans moving forward. This acquisition positions us on the brink of a transformative shift at AirAsia, uniting medium and short-haul operations into a powerful low-cost carrier network that will bring the world to Asean and Asean to the world.”
The proposed acquisition represents AAX’s long-term strategy to emerge stronger and more competitive in the global aviation industry. The recent launches of AAX routes to Almaty and Nairobi signal exciting new opportunities, with further expansion plans into Asia and Africa. The consolidation will significantly enhance network capacity and strengthen connectivity, offering guests a wider array of destinations and travel options for leisure and business.
