Kuala Lumpur (VNA) - Malaysian budget carrier AirAsia is undergoing a major restructuring led by its parent company Capital A as it starts to regain momentum following the pandemic.
The restructuring of the regional airline, announced in April, would consolidate its short-haul and long-haul brands, seeking more efficient operations as the group faces growing competition.
According to the plan, Capital A would divest 100% of its shares in its two short-haul subsidiaries to a new company, AirAsia Group, for 1.4 billion USD. Capital A would receive AirAsia Group shares, retaining direct ownership of 18.39% in the new company.
The new company would also hold shares in AirAsia X, AirAsia's sister company that offers long-haul services, and succeed AirAsia X's listing status on the local stock exchange./.
