OTHERS CAPITAL A BERHAD (FORMERLY KNOWN AS AIRASIA GROUP BERHAD) ("CAPITAL A" OR "THE COMPANY") CLARIFICATION ON NEWS ARTICLES FEATURED IN THE EDGE CEO MORNING BRIEF AND THE STAR EPAPER PLATFORM ON 6 DECEMBER 2022

Company Name CAPITAL A BERHAD
Stock Name CAPITALA
Date Announced 06 Dec 2022
Category General Announcement for PLC
Reference Number GA1-06122022-00030

Type Announcement
Subject OTHERS
Description
CAPITAL A BERHAD (FORMERLY KNOWN AS AIRASIA GROUP BERHAD) ("CAPITAL A" OR "THE COMPANY")

CLARIFICATION ON NEWS ARTICLES FEATURED IN THE EDGE CEO MORNING BRIEF AND THE STAR EPAPER PLATFORM ON 6 DECEMBER 2022

We refer to the following news articles entitled:

 

1. “No merger of AirAsia’s Aviation business, says Fernandes” featured in The Edge CEO Morning Brief on 6 December 2022; and

 

2. “Super Plus app set to spur Capital A” featured in The Star Epaper platform on 6 December 2022.

 

The Company wishes to clarify that the proposed plan is not a merger of AirAsia Berhad and AirAsia X, but a potential disposal of Capital A’s aviation assets to AirAsia X, in order to form a separate publicly-quoted aviation group comprising six airlines — four short haul Asean airlines and two medium-haul airlines, namely AirAsia Berhad, Thai AirAsia, AirAsia Indonesia, AirAsia Philippines, AirAsia X and Thai AirAsia X.

 

However, the Company also wishes to clarify that the plan remains a work in progress, and will be subject to multiple approvals including by the Company’s Board of Directors, shareholders, and Bursa Malaysia Securities Berhad.

 

The Company will make the requisite announcement(s) once the plan is finalised.

 

This announcement is dated 6 December 2022.

 






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