Overview
- With the SSPAs declared unconditional as of October 29, the parties move to capital reduction, share allotment and listing steps targeted for mid-December completion, followed by a PN17 uplift application.
- All required consents are in hand, including stakeholder approvals, RM1 billion in private placement commitments and a regulatory exemption secured in Thailand on October 17.
- The new AirAsia Group will bring together seven AirAsia-branded carriers under one network operation, keep each airline as a separate legal entity and manage aircraft orders centrally.
- The airline group is pivoting to an all‑narrowbody fleet, canceling fifteen A330-900neo orders and planning to retire A330-300s within about six years while prioritizing A321neo and A321XLR jets.
- Post-divestment, Capital A focuses on ADE, Teleport, AirAsia MOVE, Santan and AirAsia NEXT, retains an 18% stake in the airline group and is exploring financing options including a reported bond issue and a potential Nasdaq listing for AirAsia NEXT.