AirAsia X Berhad announced yesterday that all conditions precedent set out in the Share Sale and Purchase Agreements between AAX and Capital A Berhad have been fulfilled or waived. Accordingly, the SSPAs have become unconditional in accordance with their terms and conditions on 29 October 2025.
This development marks a major milestone in the proposed acquisitions of AirAsia Aviation Group Limited and AirAsia Berhad, collectively forming the foundation of a consolidated airline platform under AirAsia X, which will be called AirAsia Group — serving both medium- and short-haul routes across Asia, Australia, the Middle East and beyond.
This milestone follows the fulfilment of all outstanding requirements; all stakeholder consent letters and the RM1 billion private placement commitment letters for AirAsia X have been secured, and recently on 17 October, a major hurdle relating to a regulatory exemption required from Thailand was resolved.
Dato’ Fam Lee Ee, Chairman of AirAsia X Berhad, said: “This is a significant step, marking AirAsia’s evolution into its next chapter. Both AirAsia and AirAsia X pioneered low-cost travel in Asia, and with the creation of AirAsia group, we are evolving that legacy to become the world’s first low-cost network carrier.
