AirAsia ventures into aviation consulting and planning

AirAsia is looking to expand its horizons beyond Southeast Asia by stepping into the realm of aviation consulting and planning. This strategic move comes as a part of a larger plan to separate its non-aviation ventures from its core aviation business.

Tony Fernandes, the chief executive of Capital A, disclosed that a conditional sales and purchase agreement has been finalised for the strategic divestment of Capital A and the strategic acquisition of AirAsia airlines by the AirAsia Group.

According to the agreement, all airlines under AirAsia will now come together under the umbrella of the newly formed AirAsia Group. Meanwhile, Capital A will retain its four non-aviation businesses, which include Capital A Aviation Services, Teleport, Move Digital, and Capital A International.

The divestment deal is estimated to be worth a whopping 6.8 billion…