Capital A Berhad
About
Capital A Berhad (formerly AirAsia Group) is a multi-national airline group headquartered in Kuala Lumpur, Malaysia. Originally founded in 1993, the group now operates a network of low cost carriers including AirAsia, AirAsia Cambodia, Philippines AirAsia, Indonesia AirAsia and Thai AirAsia.
While AirAsia, based at Kuala Lumpur International Airport, is the core airline in the company, Capital A retains significant oversight and equity holdings in the franchises it operates throughout Asia. All member airlines utilise the 'AirAsia' brand and employ identical low cost business models. The AirAsia X Group control the brand's long haul carriers including AirAsia X, Thai AirAsia X and Indonesia AirAsia X.
Capital A members include:
- AirAsia (Dec-2001)
- Thai AirAsia (Feb-2004)
- Indonesia AirAsia (Dec-2005)
- Philippines AirAsia (Oct-2011)
- AirAsia Zest (May-2013; ceased operations in Dec-2015)
- AirAsia India (Jun-2014 to Dec-2022)
- AirAsia Japan (launched on 29-Oct-2017; ceased operations in Oct-2020)
- AirAsia Cambodia (launched May-2024)
- AirAsia Sri Lanka (unspecified)
Capital A entered into the following agreements on 25-Apr-2024:
- A conditional share sale and purchase agreement with AirAsia Group (AAG) for the proposed AirAsia Aviation Group (AAAGL) disposal for a disposal consideration of MYR3 billion (USD627.68 million);
- A conditional share sale and purchase agreement with AAG for the proposed AirAsia (AAB) disposal for a disposal consideration of MYR3.8 billion (USD795.06 million).
The proposed disposals of AirAsia Aviation Group (AAAGL) and AirAsia (AAB) allow airline entities operating under the AirAsia brand (including AirAsia X brand) to be housed under a new investment holding company. Capital A Berhad shareholders voted in favour of the proposed disposal of the company's aviation business to AirAsia X in Oct-2024. Capital A (Malaysia) and Air Asia X (Malaysia) have mutually agreed to extend the cut-off dates to 24 January 2025 to satisfy precedent conditions in regards to the acquisition of the aviation unit of Capital A by AAX.
Subsidiaries
| Airline | IATA | ICAO |
|---|---|---|
| AirAsia | AK | AXM |
| AirAsia Cambodia | KT | KTC |
| Indonesia AirAsia | QZ | AWQ |
| Philippines AirAsia | Z2 | APG |
| Thai AirAsia | FD | AIQ |
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