Capital A completed several restructuring steps leading up to this consolidation, including a MYR2.7 billion share capital reduction and the planned distribution of AirAsia X shares to its shareholders, with the timeline aligned to AirAsia X’s private placement and share listing on 19-Jan-2026^{1 2 3}. AirAsia X also considered a company name change to reflect the consolidation but had not made a final decision as of the latest announcement⁴.