What it does

Runs the AirAsia group's airlines: long-haul low-cost flights from Malaysia plus, since the deal, the short-haul AirAsia carriers in Malaysia, Thailand, Indonesia, the Philippines and Cambodia.

Low-cost airlinesIndustrials

Capital A sold its aviation business (AirAsia Aviation Group) to AirAsia X and distributed 1.69bn of the new AirAsia X consideration shares to its shareholders via a capital reduction at 0.3890 AAX share per Capital A share, quoted on the Bursa Malaysia Main Market from 19 January 2026.

Distribution date

19 Jan 2026

Structure

Stake distribution

Parent

Capital A (5099 MK)

Spin-off ticker

5238 MK

Listing

Bursa Malaysia Main Market

Market

Malaysia

Sector

Industrials

Size

small