In a reversal of fortunes, AirAsia X (AAX) is poised for further expansion with the lifting of its PN17 status, marking a pivotal moment in the airline’s financial recovery.
Bursa Malaysia, in a media notification, formally declared the removal of AAX’s PN17 classification following the airline’s fulfillment of the crucial requirement of declaring a “profit after taxation attributable to the equity holders” in its quarterly report for the financial period ending September 30, 2023.
This significant achievement, realised on November 21, 2023, effectively brings an end to AAX’s PN17 status, which had been imposed on July 30, 2020.
Looking forward, AAX is set on maintaining the momentum of its fleet recovery, with ambitious plans to have a fleet of at least 16 aircraft in operation by the end of December.
The airline has also affirmed its commitment to reestablishing key profitable routes and capitalising on potential opportunities arising from the recovery of international travel, particularly from China.
In a strategic move aimed at broadening its global footprint, AAX has announced its imminent commencement of services to Almaty, Kazakhstan, thereby further expanding its reach into diverse regions of the world.
This strategic expansion underscores the airline’s unwavering determination to fortify its position in existing markets while actively exploring new growth avenues.
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