SEPANG-
The strategic move positions AAX to become the overarching regional aviation provider for all short and medium-haul routes under the AirAsia brand name. This groundbreaking acquisition is expected to provide unparalleled advantages, including a strengthened market position, increased operational efficiency, and ultimately driving cost savings and enhanced financial performance.
The decision to combine the airline businesses through these acquisitions leverages AAX's robust recovery trajectory after its upliftment from the Practice Note 17 (PN17) status in
'Leveraging the strengths of all airlines under the AirAsia brand, we are poised to create a pure-play entity that propels us forward. The synergy created through these strategic acquisitions represents more than just a financial consolidation; it symbolises our role as a trailblazer in shaping the future of the aviation industry. The future holds immense potential, and we are excited to embark on this transformative journey.'
The detailed announcement on the Proposed Acquisitions, including their effects on various financial metrics is expected to be announced in due course, subject to the definitive share sale and purchase agreement and its completion.
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