AirAsia X (D7, Kuala Lumpur International) filed a petition with the High Court of Malaya on June 15, 2026, to confirm the proposed share capital reduction. In 2024, the company proposed to reduce the share capital to MYR100 million ringgit (USD24.2 million), while its share capital at the end of the first quarter of 2026 stood at MYR4.9 billion (USD1.2 billion). The move is a part of the ongoing restructuring package that also includes a proposed issuance of free warrants, a private placement, the acquisitions of AirAsia Aviation Group and AirAsia, and the granting of subscription options. The court approval is required to implement the proposed share capital reduction.