Capital A and AAX receive regulatory condition waiver in Thailand for airline consolidation
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Background ✨
Capital A and AirAsia X repeatedly extended deadlines for the completion of the aviation business disposal, targeting 31-Oct-2025 for finalisation, with the transaction enabling Capital A to pursue removal of its Practice Note 17 status by end-20251 2. Capital A had previously received High Court confirmation for its proposed share capital reduction to facilitate the planned distribution to shareholders3.