News


BackNov 30, 2022
Type Announcement
Subject OTHERS
Description

AIRASIA X BERHAD ("AAX" OR "THE COMPANY")

CLARIFICATION ON NEWS ARTICLES FEATURED IN THE STAR ON 29 NOVEMBER 2022 AND THE EDGE MARKETS ON 30 NOVEMBER 2022

We refer to the following news articles entitled:

 

  1. “Capital A to divest aviation businesses to AirAsia X” featured in The Star on 29 November 2022; and
  2. “AirAsia X seeks to merge with Capital A’s aviation arm AirAsia, confirms The Edge report” featured in The Edge CEO Morning Brief on 30 November 2022.

 

The Company wishes to clarify that it is still in the midst of evaluating and formulating its proposed PN17 regularisation plan. As part of this ongoing process, the Company is considering multiple options, including a potential acquisition of Capital A Berhad’s aviation business. However, the Company wishes to clarify that the plan remains a work in progress and will be subject to input from our appointed advisers as well as due diligence before being put forward to the Company’s Board of Directors for their consideration.

 

The Company will make the requisite announcement(s) once the plan is finalised.

 

This announcement is dated 30 November 2022.


Announcement Info

Company Name AIRASIA X BERHAD
Stock Name AAX
Date Announced 30 Nov 2022
Category General Announcement for PLC
Reference Number GA1-30112022-00083