Capital A to Merge Aviation Business Under AirAsia X.

Malaysia's Capital A Bhd., the parent company of budget carrier AirAsia, is planning to merge its aviation business with its long-haul affiliate, AirAsia X Bhd. This move is aimed at streamlining operations and improving access to financing. The company is also seeking to exit its financially distressed status and has requested until June to submit a plan to Malaysia's stock exchange. The separation of the airline business from Capital A will allow investors to better value the non-aviation unit, and the group plans to have a fleet of 33 planes by 2028. [Extracted from the article]