Overview
- Capital A says it will file the sealed court order by late January, a step expected to turn shareholders’ funds positive but with PN17 uplift still subject to regulator approval.
- AirAsia X completed the Jan 16 acquisition of Capital A’s aviation assets, issuing more than 2.3 billion new shares and taking on MYR3.8 billion of legacy debt.
- The consolidated airline plans $500 million to $600 million in debt restructuring and refinancing to extend maturities, lower interest costs and simplify borrowings, executives said.
- Network plans include a possible London return as early as mid-2026, a Bahrain hub and recently launched Istanbul service, supported by four A321LR deliveries in 2026 and an order for 50 A321XLRs.
- AirAsia X named Bo Lingam group CEO with Farouk Kamal as deputy CEO and Low Kar Chuan as CFO, and is targeting near-term revenue approaching $6 billion with EBITDA margin around 20% and loads above 80%.