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Jul 10, 2013 · Stock name: AAX, Stock Code: 5238, Company: AIRASIA X BERHAD, Sector: CONSUMER PRODUCTS & SERVICES.
AirAsia X Berhad is a mid-range airline operating primarily in the Asia-Pacific region. The Company is principally engaged in providing long haul air transportation services. Its segments include Malaysia and Thailand. The Company provides scheduled flights, charter flights, freight services and ancillary services.
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AirAsia X Berhad, together with its subsidiaries, provides long haul air transportation services under the AirAsia brand in Malaysia and Thailand. It offers logistical management and marketing...
KUALA LUMPUR (Feb 21): AirAsia X Bhd (AAX), whose co-founder Tan Sri Tony Fernandes expects 2019 to be its best-ever year, posted a net loss of RM99.27 million or 2.4 sen per share for the fourth quarter ended Dec 31, 2018 (4QFY18), a contrast to net profit of RM84.42 million or two sen per share in the previous corresponding quarter.
AAX will swap their shares in AAX with shares of the NewCo — Airasia Group Sdn Bhd — on a one-to-one basis. The NewCo will then acquire Capital A's aviation business — AirAsia Aviation Group Ltd (AAAGL) and AirAsia Bhd (AAB) — for RM6.8 billion.
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