KUALA LUMPUR, May 19 (Bernama) -- Capital A Bhd has received approval from Bursa Malaysia Securities Bhd for the removal of its Practice Note 17 (PN17) status, effective May 20, 2026.
In a statement, the multi-platform digital, travel, and lifestyle services group said the move follows the completion of the company’s regularisation plan, which brings a definitive close to a six-year-long restructuring chapter and the start of Capital A’s next high-growth journey.
Its group chief financial officer, Teh Mun Hui, said post-upliftment, all AirAsia airlines will operate under one consolidated platform.
“The group will focus on its core businesses aimed at delivering sustainable value while efficiently coordinating, managing, and aligning all parties, resources, and systems both within and outside the organisation to achieve shared goals.
“The businesses include Asia Digital Engineering (maintenance, repair, and overhaul), Teleport (logistics), AirAsia MOVE (travel platform), AirAsia Next (brand and internet protocol) and Santan (food and beverage),” she said.
Its group chief executive officer (CEO), Tan Sri Tony Fernandes, said the local bourse’s decision to uplift the PN17 status was an emotional moment for the group and reflected the hard work, discipline and resilience behind the execution of its regularisation plan.
The upliftment from PN17 status follows a series of major strategic moves completed in January 2026, including the disposal of its aviation arm to AirAsia X Bhd (AAX), the distribution and listing of AAX shares to entitled Capital A shareholders, and a High Court-approved capital reduction of approximately RM5.5 billion.
Capital A said that the restructuring has restored its shareholders’ funds to positive territory.
It added that its businesses have delivered five consecutive quarters of profitability (excluding aviation businesses), from the first quarter of 2025 to the first quarter of 2026.
Capital A deputy CEO Effendy Shahul Hamid said the group can now move forward with plans and corporate actions across its various businesses, supported by renewed discipline, a technology-centric mindset, resilience and long-term thinking.
“We hope to execute with speed and ambition, and at the same time demonstrate value in our stable of businesses with a clear growth agenda,” he said.
-- BERNAMA
