-- Capital A Berhad’s (“Capital A”) has received the High Court of Malaya’s approval on capital reduction of RM5,507,594,000 today, marking the completion of all major steps required under Capital A’s regularisation plan. The regularisation plan will be completed upon lodgement of the High Court sealed order with the Registrar of Companies by next week.
Today’s High Court approval follows recent end-phase milestones, including the completion of the aviation business disposal (AirAsia Berhad and AirAsia Aviation Group Limited) to AirAsia X Berhad (“AAX”) on 16 January 2026 and the listing and distribution of AAX shares to entitled Capital A shareholders on 19 January 2026.
The remaining non-aviation businesses under Capital A have been consistently profitable for the past four quarters (Q4 2024 to Q3 2025). Upon completion of the regularisation plan, Capital A’s shareholders’ funds will turn positive. With the above, Capital A would have addressed all the PN17 criteria, while the uplift remains subject to regulatory approval.
Teh Mun Hui, Group Chief Financial Officer of Capital A commented, “This order is the final court step in our PN17 journey. We set out to fix the fundamentals and we followed through on every step – completing the aviation business disposal, distributing AAX shares to our shareholders, and securing the approvals needed to clean up the balance sheet. We are now working towards the upliftment of PN17 status.”
Post-regularisation, Capital A will operate as a group focused around five businesses: Asia Digital Engineering (MRO), Teleport (logistics), AirAsia MOVE (travel platform), AirAsia Next (brand & IP) and Santan (F&B). Together with a consolidated AirAsia Group, the ecosystem is designed to lower costs, grow revenue and deliver sustainable value to customers and shareholders.
