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Capital A, parent of AirAsia, aims to exit financial distress by May 2025 with approved restructuring.
Capital A Bhd, parent of AirAsia, aims to exit the PN17 status by May 2025, which is a status for companies failing to meet certain financial criteria.
The company has received shareholder and High Court approval for its restructuring plan, with Bursa Malaysia also giving the green light on March 7.
This approval paves the way for Capital A to stabilize its finances and unlock new growth opportunities.
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Capital A, matriz de AirAsia, tiene como objetivo salir de las dificultades financieras para mayo de 2025 con una reestructuración aprobada.