Breaking
TSMC's AI chip demand fuels record profitBursa Malaysia ends slightly higher on late buying in heavyweights - Malay MailHealthcare, Financial Services Lift Bursa Malaysia Higher At The Close - BernamaBursa Malaysia extends gains for third straight session on tech rallyBursa Malaysia likely to trade on an upside bias next week - NST OnlineMalaysia's economy set to stay strong in 2H 2026, says Akmal - NST OnlineMalaysian ringgit, stocks hit highest since 2018 on AI, growthBursa Malaysia seen trading with an upward bias next week - themalaysianreserve.comTwo companies from Melaka preparing for Bursa Malaysia listing — Ab Rauf - The Edge MalaysiaIOI Properties gets SC nod for RM7.58b REIT listing - The Edge MalaysiaMalaysia GDP accelerates to 5.8pct as economy defies global headwinds - NST OnlineOSINT Synthesis — 8 August 2026TSX Venture Exchange Regulatory Policies and ProceduresToronto Stock Exchange Regulatory Policies and ProceduresBursa Malaysia ends week on softer note - Focus MalaysiaObservation (CEACR) – adopted 2024, published 113rd ILC session (2025)OSINT Synthesis — 24 July 2026OSINT Synthesis — 25 July 2026OSINT Synthesis — 31 July 2026OSINT Synthesis — 30 July 2026TSMC's AI chip demand fuels record profitBursa Malaysia ends slightly higher on late buying in heavyweights - Malay MailHealthcare, Financial Services Lift Bursa Malaysia Higher At The Close - BernamaBursa Malaysia extends gains for third straight session on tech rallyBursa Malaysia likely to trade on an upside bias next week - NST OnlineMalaysia's economy set to stay strong in 2H 2026, says Akmal - NST OnlineMalaysian ringgit, stocks hit highest since 2018 on AI, growthBursa Malaysia seen trading with an upward bias next week - themalaysianreserve.comTwo companies from Melaka preparing for Bursa Malaysia listing — Ab Rauf - The Edge MalaysiaIOI Properties gets SC nod for RM7.58b REIT listing - The Edge MalaysiaMalaysia GDP accelerates to 5.8pct as economy defies global headwinds - NST OnlineOSINT Synthesis — 8 August 2026TSX Venture Exchange Regulatory Policies and ProceduresToronto Stock Exchange Regulatory Policies and ProceduresBursa Malaysia ends week on softer note - Focus MalaysiaObservation (CEACR) – adopted 2024, published 113rd ILC session (2025)OSINT Synthesis — 24 July 2026OSINT Synthesis — 25 July 2026OSINT Synthesis — 31 July 2026OSINT Synthesis — 30 July 2026
Economy

SriLankan Airlines bidder is Capital A unit, not AirAsia

Capital A Consulting will bid for SriLankan Airlines through a dedicated fund, group chief Tony Fernandes said on Tuesday.

Source: RSS · July 22, 2026 at 3:49 AM · AI-assisted report

SriLankan Airlines bidder is Capital A unit, not AirAsia
Photo: Wikimedia Commons — AirAsia

KUALA LUMPUR, 22 JULY 2026 —

Listen to this article

DomainFork Audio · read aloud

Capital A Consulting will bid for SriLankan Airlines through a dedicated fund, group chief Tony Fernandes said on Tuesday.

Market Impact

The clarification follows Reuters reporting that AirAsia was among six bidders for the loss-making carrier as Sri Lanka seeks to cut state-enterprise losses under a US$2.9 billion IMF programme. Fernandes told reporters at a media briefing that AirAsia Consulting—soon to be renamed Capital A Consulting—will set up its own fund to pursue the airline purchase. AirAsia itself remains focused on Southeast Asia, he said.

Capital A has been under Practice Note 17 (PN17) since mid-2020 and is regularising its accounts to exit the listing watch. Measures include merging its airline businesses with AirAsia X Bhd and listing the branding unit in the US.

AirAsia Consulting CEO Subashini Silvadas said the company has submitted qualification documents for SriLankan Airlines but has not yet placed a price bid because due diligence is incomplete. “The next stage is for them to review the papers and decide who will be the contenders,” she told reporters.

SriLankan Airlines has drawn six expressions of interest under the RFQ process, the Sri Lankan government said earlier this month. The IMF programme targets a reduction in losses from state-owned enterprises. Sri Lanka aims to complete the privatisation process within 2024.

Related: AirAsia · CEO

Reporting based on RSS. Figures and claims are subject to revision as the story develops. DomainFork publishes editorial context, not investment advice — see our editorial standards.