AirAsia Parent Clarifies Divestment Plan As It Returns To Profitability

Chen Chuanren December 01, 2022
AirAsia X Thailand A330neo

AirAsia X Thailand Airbus A330neo

Credit: Airbus
SINGAPORE—AirAsia parent company Capital A has finalized plans to divest its aviation portfolio and merge it with long-haul affiliate AirAsia X. The move is aimed at lifting the company out of the negative PN17 label placed by the Kuala Lumpur Stock Exchange on companies in financial difficulty. In...
Chen Chuanren

Chen Chuanren is the Southeast Asia and China Editor for the Aviation Week Network’s (AWN) Air Transport World (ATW) and the Asia-Pacific Defense Correspondent for AWN, joining the team in 2017.

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