Capital A Berhad at its 6th AGM received full support from shareholders on all resolutions submitted together with the FY22 financial when they were passed unanimously.
Capital A CEO Tony Fernandes said, “2022 has truly been a defining year for Capital A for many reasons: the company generated strong revenue of RM2.6 billion and recorded the first full year positive EBITDA since the beginning of the global pandemic. All businesses within the Group have benefited from the robust return of air travel and delivered stronger margin levels. As we overcame all odds of not only surviving but growing, despite the unprecedented challenges of Covid and other macroeconomic headwinds without any government support, we are proud to announce that we have successfully progressed from an airline to now a low-cost, high-value inclusive aviation and travel group.
On the Group’s Practice Note 17 (PN17) status, he continued, “We have reported to Bursa Malaysia that an interim financial review is presently being carried out as part of the evaluation of the PN17 regularisation plan prior to any regulatory submission.” He added, “The Company will make an immediate announcement once the plan has been finalised.”
Looking forward, he stated, “Over the past few years, we have focused on building a more resilient and diversified business model including the implementation of separate dedicated boards to drive the success of our core businesses. We feel great that our vision of becoming more than an airline but a low-cost, high value inclusive aviation and travel group has been vindicated by outside investors and the market. We are excited to expand our horizons and seek promising fundraising opportunities that lie ahead for Capital A.
“Lastly, I remain committed to staying in the Capital A Group for the foreseeable future. I do want to emphasise that we do have a robust succession plan in place that involves many of the seasoned leaders in our management team who will continue to deliver on Capital A’s long term vision, to innovate, disturb and add value to people’s lives.”
