Dhaka, Jan. 20 -- AirAsia X has completed the acquisition of AirAsia Berhad (AAB) and AirAsia Aviation Group Limited (AAAGL) from Capital A, marking the final step in consolidating all AirAsia-branded airlines under a single aviation platform.

In a statement issued on Sunday, January 19, the long-haul low-cost carrier said the transaction was settled through the issuance of 2.31 billion new ordinary shares to Capital A and its entitled shareholders. As part of the deal, AirAsia X also assumed MYR 3.8 billion, equivalent to USD 930 million, in liabilities previously owed by Capital A to AAB.

Separately, the airline allotted and issued 606.1 million new ordinary shares to independent third-party investors under a private placement. Both t...