AirAsia X has extended the deadline for completing the acquisition of Capital A’s (formerly AirAsia Group) aviation business by two months.
AirAsia X is expected to acquire the aviation business, including AirAsia Aviation Group and AirAsia owned by Capital A. The new deadline is March 24.
AirAsia X aims to raise a total of 1 billion Malaysian Ringgit. While final approvals and agreements from authorities, financial institutions, and leasing companies are taking time, most have been substantially completed.
The acquisition is expected to create synergies such as network enhancement, optimal aircraft allocation, and improved cost efficiency.
