Capital A, the parent company of AirAsia Aviation Group (AAAGL) and AirAsia Bhd (AAB), is currently exploring potential fundraising strategies to bolster its aviation sector. The company, which owns and licenses the AirAsia brand, indicated that these considerations are still in the preliminary stages, with no concrete proposals yet presented to its board of directors, according to a recent filing with Bursa Malaysia dated April 15.
This clarification comes in the wake of reports by the financial news site, The Edge, which incorrectly stated that Capital A was seeking to raise up to USD 400 million through a private placement of new ordinary shares—a claim the company has since denied.
Looking ahead, Capital A is preparing for a significant move to enhance its market presence by planning a backdoor listing on either NASDAQ or the New York Stock Exchange later this year. This strategic shift aims to better position the company in global markets while allowing it to concentrate more on its non-aviation business ventures.
Furthermore, Capital A has extended the negotiation period until April 30 with AirAsia X Bhd, also known as AirAsia X, regarding the potential acquisition of AAAGL and AAB. This extension is intended to provide Capital A with the flexibility to streamline its operations and focus on its broader corporate strategy.
AirAsia Bhd operates the well-known AirAsia airline, while AAAGL manages the AirAsia brands across international markets, including Philippines AirAsia, Indonesia AirAsia, and the newly initiated AirAsia Cambodia. This fundraising exploration reflects Capital A’s ongoing efforts to strengthen its financial foundations and expand its aviation operations across the globe.
