AirAsia X Bhd (AAX) shareholders have voted 99.08% in favor of acquiring AirAsia Bhd and AirAsia Aviation Group Ltd from Capital A Bhd for RM6.8 billion. This deal includes over 200 existing aircraft and 361 future aircraft orders, enabling AAX to expand across long-, medium-, and short-haul segments, according to AAX Chairman Datuk Fam Lee Ee.
During the extraordinary general meeting (EGM), shareholders also approved additional proposals, including the issuance of free warrants, a private placement to raise RM1 billion, and a share capital reduction. The acquisition is expected to be finalized by the end of the year, pending court and regulatory approvals.
AAX CEO Benyamin Ismail stated that the group's focus will be on sustainable expansion and operational excellence to maintain its leadership in the low-cost market. Meanwhile, Capital A CEO Tan Sri Tony Fernandes expressed his excitement over the approval, stating that the company is nearing the resolution of its PN17 status.
At midday on Wednesday, AAX shares rose 4.05% to RM1.80, while Capital A shares increased 4.28% to 97.5 sen. The acquisition marks a significant step for both companies as they look toward further growth and stability.
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