-- AirAsia X Berhad ("AAX" or "the Company") announced yesterday that all conditions precedent set out in the Share Sale and Purchase Agreements ("SSPAs") between AAX and Capital A Berhad have been fulfilled or waived. Accordingly, the SSPAs have become unconditional in accordance with their terms and conditions on 29 October 2025.
This development marks a major milestone in the proposed acquisitions of AirAsia Aviation Group Limited ("AAAGL") and AirAsia Berhad ("AAB"), collectively forming the foundation of a consolidated airline platform under AirAsia X, which will be called AirAsia Group — serving both medium- and short-haul routes across Asia, Australia, the Middle East and beyond.
This milestone follows the fulfilment of all outstanding requirements; all stakeholder consent letters and the RM1 billion private placement commitment letters for AirAsia X have been secured, and recently on 17 October, a major hurdle relating to a regulatory exemption required from Thailand was resolved.
Dato’ Fam Lee Ee, Chairman of AirAsia X Berhad, said: “This is a significant step, marking AirAsia’s evolution into its next chapter. Both AirAsia and AirAsia X pioneered low-cost travel in Asia, and with the creation of AirAsia group, we are evolving that legacy to become the world’s first low-cost network carrier.
“With the transaction now becoming unconditional, AirAsia Group will also be well-placed to accelerate Southeast Asia’s position as a global low-cost megahub, boosting economic multiplier benefits across the region by expanding our reach across key regions including Asia, Australia, the Middle East, and Europe. Together, we are shaping the next chapter of inclusive travel for the world.”
Furthermore, the consolidation will enable AirAsia Group to capture efficiencies across the value chain, from fleet and network planning to digital operations and customer experience thus creating a more agile, scalable and globally competitive low-cost airline group.
Today, AirAsia Group operates an extensive multi-hub network based from five countries in Southeast Asia to destinations across Asia, Australia, and Central Asia, including Almaty, Karachi, Tashkent, and soon Istanbul, which brings the airline closer to Europe. The group also has plans to expand further into the Middle East, Russia, and Europe in the near future.
This transformation aligns with AirAsia Group’s long-term vision to build the world’s first low-cost network carrier leveraging an innovative narrow-body driven global connectivity strategy, combining short-haul efficiency with long-haul reach, enabling travellers to fly further, more affordably and more seamlessly than ever before.
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Release ID: 89174243
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