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Business > Foreign Business
Malaysia conglomerate to sell budget carrier to AirAsia X
By Agence France-Presse
Jan 08, 2024 9:14 pm

SEPANG, Malaysia: Malaysia conglomerate Capital A said Monday it plans to sell its budget airline AirAsia to its medium-haul affiliate AirAsia X in a bid to streamline operations.

Under the terms of the non-binding agreement, AirAsia Malaysia and AirAsia subsidiaries in Cambodia, Thailand, Indonesia and the Philippines would be merged with AirAsia X, it said.

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