AirAsia X decides on acquisition plans for expansion and efficiency improvement

The shareholders of AirAsia X have approved the planned acquisition of Capital A's stake in the AirAsia units, valued at 6.8 billion Malaysian Ringgit (approximately 1.6 billion US dollars). This decision was made on Wednesday following the prior approval by Capital A shareholders on Monday, according to corporate announcements. The aim of AirAsia's merger is to create efficiencies and support a significant expansion of routes and global network reach, explained AirAsia executives. The company operates short-haul flights in Asia with narrow-body aircraft, while AirAsia X offers long-haul flights with wide-body aircraft, including to Australia and Saudi Arabia.