AirAsia Charts New Growth Strategy

The Star is reporting that Capital A Bhd has entered into a conditional share sale and purchase agreement with AirAsia Group Sdn Bhd (AAG) to dispose of its 100 per cent equity interest in AirAsia Aviation Group Ltd (AAAGL) and AirAsia Bhd (AAB) for RM6.8 billion.

The group entered into a conditional share sale and purchase agreement with AAG to dispose of AAAGL for RM3 billion and AAB disposal for RM3.8 billion.

AAAGL and AAB are wholly-owned subsidiaries of Capital A.

Pursuant to AirAsia X Bhd’s (AAX) proposed internal read more ⇒

Source:: AirlineRatings.Com

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