AirAsia Owner Capital A Plans Dual Listing on Hong Kong Stock Exchange
Capital A, the parent company of AirAsia, is planning a potential dual listing on the Hong Kong Stock Exchange (HKEX), according to a media statement released on May 2, 2025. The company is already listed on Bursa Malaysia and aims to enhance its global visibility and attract a wider investor base through the HKEX listing.
CEO Tony Fernandes emphasized that the dual listing would enable Capital A to “tell our story on a global stage and connect with a broader investor base,” particularly investors in Mainland China. Discussions are currently underway, and the company is close to appointing an international investment bank to advise on the structure and timeline. The plan remains subject to internal reviews and regulatory approval.
Capital A is also in the process of exiting Practice Note 17 (PN17) status on Bursa Malaysia, which flags financially distressed firms. As part of this move, it plans to transfer its aviation assets—including stakes in AirAsia and AirAsia X—to AirAsia X Berhad, a separate listed entity under the control of Fernandes and Kamarudin Meranun.
Post-divestment, Capital A will focus on non-aviation businesses, including Asia Digital Engineering (MRO services), Teleport (logistics), and AirAsia Move, a digital travel and lifestyle platform.
In 2024, the company shelved earlier plans for a backdoor listing on the NASDAQ or NYSE, citing similar goals of accessing global capital markets. Fernandes now believes HKEX offers comparable advantages for Capital A’s international growth ambitions.
Related News: https://airguide.info/category/air-travel-business/airline-finance/
Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com