KUALA LUMPUR, May 15, 2025 — AirAsia X is poised to acquire AirAsia Bhd and AirAsia Aviation Group, consolidating short- and long-haul operations under a unified brand. The acquisition, valued at 6.8 billion ringgit ($1.6 billion), aims to streamline operations and expand route networks.
This strategic move follows shareholder approvals and is expected to finalize by May 30, 2025, pending court and regulatory clearances. The consolidation will integrate AirAsia's affiliates in Malaysia, Thailand, Indonesia, the Philippines, and Cambodia, creating a comprehensive low-cost carrier network.
The merger is anticipated to enhance operational efficiency, offering a seamless travel experience across various regions. It also positions Kuala Lumpur International Airport as a significant global aviation hub, aligning with AirAsia's expansion strategy.
Capital A, AirAsia's parent company, has been working to exit its financially distressed status (PN17) following pandemic-related challenges. Divesting its aviation business to AirAsia X is a critical step in this restructuring process. Wikipedia
Furthermore, Capital A is exploring a listing on the Hong Kong Stock Exchange to access broader global capital markets, signaling confidence in its post-restructuring growth trajectory.
This consolidation marks a significant milestone in AirAsia's evolution. It aims to deliver enhanced value to customers and stakeholders in the competitive aviation industry.
