DRB-HICOM a government conglomerate laid the foundation of AirAsia in 1993 and it became operational on Nov 18 1996. AIRASIA X BHD Description. Airasia X 5238 Stock Price Has Sky Rocketed Sorosign Com The Simplest Investment Method Magic Weapon To Win More Option Strategies Investing Stock Prices 29 Nov 2021 0529 PM Post 63. . Swot Analysis of AirAsia Berhad. 25 Apr 2019 0449 PM Post 1. Kamarudin Meranun and Tony Fernandes bought the airline on Sep 08 2001. AirAsia X Berhad is a Malaysia-based company which is engaged in providing long-haul air transportation services. AirAsia X Bhd AAX has announced a 1-for-1 rights issue and a special issue to raise a total of RM166mil. Bhd is a long-haul budget airline based in Malaysia and a sister company of AirAsiaIt commenced operations on 2 November 2007 with its first service flown from Kuala Lumpur International Airport Malaysia to Gold Coast Airport in Australia.