Capital A and AAX Active, Advance in Post Merger Trade

Shares in low-cost aviation operators Capital A Bhd (KL:CAPITALA) and AirAsia X Bhd (KL:AAX) rose in early trade on Wednesday, tracking gains at the broader market.

The Edge MarketsMay 8 04:07 ET

More Work Lies Ahead for PN17 Capital A, Say Analysts

AFTER much anticipation, Capital A Bhd has finally revealed its plan to exit its Practice Note 17 (PN17) status for financially distressed companies. The low-cost carrier is proposing to sell its aviation business to sister company, AirAsia X Bhd (AAX), for RM6.8 billion through a share and novat...

The Edge MarketsMay 6 06:02 ET

AAX, Capital A Lift off on Merger Proposal to Extend Rally

Shares of Capital A Bhd and AirAsia X Bhd (AAX) climbed further during Monday's morning trading session, riding on a proposal announced last Thursday to merge the short- and long-haul airline operations of both companies.

The Edge MarketsApr 29 05:48 ET

AirAsia X Logs Best Day in Six Months on Capital A Restructuring

Shares of AirAsia X Bhd (AAX) rose to a six-month high as investors cheered a restructuring plan that would make the company the largest low-cost carrier in Southeast Asia.

The Edge MarketsApr 26 06:10 ET

Capital A's Proposed Aviation Business Sale Looks Positive -- Market Talk

Capital A's proposed sale of its aviation business to AirAsia X for MYR6.8 billion looks "overall positive," Hong Leong IB analyst Daniel Wong says in a note.

WSJApr 26 03:08 ET

Merger of Airlines Alone Enough to Reverse All of Capital A's Negative Equity, Says Fernandes

The corporate exercise to merge the AirAsia airline businesses under AirAsia X Bhd (AAX) is apparently sufficient to offset all of the RM8.7 billion negative equity in Capital A Bhd, according to chief executive officer Tan Sri Tony Fernandes.

The Edge MarketsApr 26 02:51 ET