AirAsia X Berhad (AAX) dba AirAsia X will acquire 100% stakes in AirAsia (AAB) and AirAsia Aviation Group (AAAGL) following AAX entering into a non-binding acceptance letter with their present owner, Capital A.

AAB operates AirAsia, while AAAGL operates the AirAsia brands based outside Malaysia, including Philippines AirAsia, Indonesia AirAsia, and the AirAsia Cambodia startup. Capital A CEO Tony Fernandes told outlets that the sale would allow that entity to focus on non-aviation businesses. The choice of AirAsia X as…

Source: ch aviation
Read more: AirAsia X to buy AirAsia, AirAsia Aviation Group