Bernama reported the group as saying that the move followed the completion of its regularisation plan, bringing to an end a six-year restructuring process.

Group chief financial officer Teh Mun Hui said following the upliftment, all AirAsia airlines would operate under a single consolidated platform.

“The group will focus on its core businesses aimed at delivering sustainable value, while efficiently coordinating, managing and aligning all parties, resources, and systems to achieve shared goals.

“The businesses include Asia Digital Engineering (maintenance, repair and overhaul), Teleport (logistics), AirAsia MOVE (travel platform), AirAsia Next (brand and internet protocol) and Santan (food and beverage),” she said.

The upliftment from PN17 status follows a series of major strategic moves completed in January, including the disposal of its aviation arm to AirAsia X Bhd (AAX), the distribution and listing of AAX shares to entitled Capital A shareholders and a High Court-approved capital reduction of approximately RM5.5 billion.

Capital A said the restructuring had restored its shareholders’ funds to positive territory.

It added that its businesses had delivered five consecutive quarters of profitability, excluding aviation businesses, from the first quarter of 2025 to the first quarter of 2026.