Kuala lumpur: Capital A Bhd and AirAsia X Bhd (AAX) have agreed to extend the cut-off date for their respective share sale and purchase agreements (SSPAs) involving AirAsia Aviation Group Ltd (AAAGL) and AirAsia Bhd (AAB). The decision moves the deadline from July 31, 2025, to August 31, 2025, or another mutually agreed date.

According to BERNAMA News Agency, the extension allows Capital A and AAX additional time to meet the remaining conditions set for AAAGL and AAB. This includes obtaining necessary approvals and consents from relevant authorities, financiers, lenders, and third parties. It also provides AAX with time to finalize terms with identified investors for a proposed pre-completion private placement exercise.

AAX has also agreed to extend the period required to satisfy or fulfill the remaining conditions under the SSPAs, which remain unfulfilled up to the new deadline of August 31, 2025. The extension is intended to give both the company and the vendor, Capital A, more time to secure essential approvals and finalize the definitive terms with investors concerning the proposed private placement.