AIRASIA Group Bhd is planning to change its name to Capital A Bhd, and will table the proposal to seek approval from its shareholders at its extraordinary general meeting on January 27.

The group said it aims to have a new corporate identity that offers a better reflection of its core business and future undertakings, in line with its rapid transformation from only an airline to a digital travel and lifestyle services group, which continues to gain strong momentum.

“This structural change will help facilitate strong projected growth in our portfolio businesses,” it said in a circular to shareholders filed with Bursa Malaysia today.

“We believe that the new company name will further enhance and be in line with our purpose to connect people and transform lives. It will also set the tone of the group as it expands into new horizons and allay concerns of being a group that is intrinsically an airline.”

AirAsia said its board, after having considered all aspects of the proposed name change, believes that the move is in the best interests of the company.

The budget airline said the meeting is for the purpose of considering and, if thought fit, passing with or without modifications, the special resolution to give effect to the proposal.

On Monday, AirAsia announced that it is planning to change its name to Capital A Bhd, adding that the proposed name has been approved by the Companies Commission of Malaysia. It reserved the name on December 28. – Bernama, January 5, 2022.