AAX makes second bid for extension to submit PN17 regularisation plan

AAX makes second bid for extension to submit PN17 regularisation plan FMTNews FMTBusiness

AirAsia X Bhd and Capital A Bhd are working on their respective regularisation plans which entail the potential disposal of Capital A’s aviation assets to AAX.

The company had previously submitted an application for a six-month extension up to April 28, 2023 for it to submit its regularisation plan and the stock exchange approved this application, AAX said in a filing with Bursa Malaysia today. The deadline falls on April 28 for AAX to submit its plan to Bursa Securities, followed by July 7 for Capital A.

AirAsia X Bhd recently posted a net profit of RM153.48 million for its sixth quarter ended Dec 31, 2022 on the back of strong revenue of RM339.29 million.

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