Kuala lumpur: Capital A Bhd has been granted approval by Bursa Malaysia Securities Bhd to exit its Practice Note 17 (PN17) status, with the change set to take effect on May 20, 2026. The move signifies a pivotal moment for the company as it concludes a six-year-long restructuring journey and embarks on a new phase of high-growth development.

According to BERNAMA News Agency, the multi-platform digital, travel, and lifestyle services group outlined that the approval follows the successful completion of its regularisation plan. This development marks a significant milestone for Capital A, as it aims to operate all AirAsia airlines under a single consolidated platform post-upliftment. Group Chief Financial Officer Teh Mun Hui emphasized the group's renewed focus on core business areas, which include Asia Digital Engineering, Teleport, AirAsia MOVE, AirAsia Next, and Santan.

Group Chief Executive Officer Tan Sri Tony Fernandes described the decision by the local bourse to uplift the PN17 status as an emotional milestone for the group, acknowledging the dedication and resilience required to execute the regularisation plan. The transition away from PN17 status follows strategic initiatives completed in January 2026, such as selling its aviation business to AirAsia X Bhd (AAX), distributing and listing AAX shares for Capital A shareholders, and a High Court-approved capital reduction of about RM5.5 billion.

Capital A highlighted that the restructuring has positively impacted its shareholders' funds, while its businesses have maintained profitability over five consecutive quarters, excluding aviation segments, from the first quarter of 2025 to the first quarter of 2026. Deputy CEO Effendy Shahul Hamid expressed optimism about the group's future, emphasizing plans to implement corporate actions swiftly and ambitiously across its portfolio, supported by a disciplined, technology-focused, and resilient approach.