AirAsia X (D7) is exploring refinancing to restructure USD500-600 million of debt as it integrates the aviation assets of Capital A. The restructuring comes after the January 16 completion of AirAsia X's acquisition of Capital A's aviation business, which brought all AirAsia-branded airlines under a single entity.

​Deputy Group CEO Farouk Kamal told Reuters that the airline is considering initiatives to extend debt tenures and reduce interest costs. The plan involves consolidating the group's various debt instruments into "one or two loan instruments."

Chief Financial Officer Low Kar Chuan said the consolidated entity is targeting near-term revenue of approximately USD6 billion, an EBITDA margin of 20%, and passenger load factors exceeding 80%. The group aims to repay all bank loans obtained during the COVID-19 pandemic within two to three years.

​The financial reorganisation is intended to support the group's operational scaling, which includes previously reported plans to place an order for as many as 150 aircraft, establish a hub at Bahrain International airport, and resume flights to London Gatwick as early as mid-2026.