Published on 25 Apr 2024 on Reuters via Yahoo Finance
(Reuters) -Malaysian airline operator Capital A, also the parent of AirAsia, announced deals worth 6.8 billion ringgit ($1.42 billion) on Thursday, in a move to create a new listed entity and streamline operations by merging various airline affiliates.
As part of the deals, long-haul airline AirAsia X will take over Capital A's aviation business and eventually create a new company thereby taking over the listing status of AirAsia X.