Capital A Eyes U.S. and Hong Kong Listing, Names New Deputy CEO
Photo Credit: Capital A Deputy CEO Effendy Shahul Hamid (left) and Capital A CEO Tony Fernandes. Capital A
Skift Take
Malaysia’s Capital A is strengthening its management team as it exits PN17, tees up dual listings, and scales five businesses all at once.
Capital A, the travel and digital technology company, has announced its plans for listings in Hong Kong and the U.S. this year.
CEO Tony Fernandes told a press conference on Monday that the two major capital market exercises are actively in motion for 2026, even as the company is still trying to exit PN17 status, a designation for financially distressed companies.
Fernandes confirmed the listing most dependent on the PN17 resolution will be that of AirAsia Next, the group's brand, intellectual property, loyalty, and technology holding entity. This brand, which is focused on brand, loyalty, AI, media and tech, is being positioned for a listing in the U.S. by the end of this year.
“We want to list [AirAsia Next] in America,” Fernandes said. “The Americans like loyalty. They like our rewards program, and it's a good collector of income from AirAsia and AirAsia h
