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AirAsia X restructuring
10 articles
Discover more about AirAsia X’s restructuring plans, aimed at improving its financial health and business operations.
AirAsia X turns first profit since 2019, plans to double its A330s by mid-2023
AirAsia X (AAX), the low-cost medium and long-haul airline of AirAsia Group, turned a net profit of RM25.1…
Malaysian AirAsiaX completes $8 billion debt restructure
Malaysian budget airline AirAsia X announced it has completed its debt restructuring and aims to write nearly $7.86…
Creditors approve AirAsia X restructuring plan
Malaysia’s AirAsia X (AAX) creditors voted to approve the carrier’s restructuring plan on November 12, 2021. 99% of…
AirAsia X to repay 0.5% of $8.1 billion debt
AirAsia Group’s low-cost long-haul subsidiary, AirAsia X (AAX), is reportedly proposing to repay 0.5% of its 33.65 billion…
AirAsia X eyes creditors vote on restructuring in October 2021
AirAsia X, the long-haul subsidiary of AirAsia Group, is reportedly aiming to convene creditor meetings by the end…
Court extends AirAsia X deadline to hold creditor meetings
The Malaysian High Court gave additional time for AirAsia X to convene its creditor meetings, the airline told…
AirAsia to raise RM1 billion ahead of Q3 flight resumption
The AirAsia Group announced a proposed renounceable rights issue to its existing shareholders, that is set to raise…
AirAsia X gets approval from shareholders for restructuring
On June 1, 2021, Malaysia’s AirAsia X, a long-haul subsidiary of AirAsia Group, announced that its shareholders had…
AirAsia X to convene creditor meetings, propose new plan
On February 22, 2021, the Malaysian High Court ordered AirAsia X, a long-haul subsidiary of AirAsia Group, to…
AirAsia X restructuring supported by lessors and investors
The majority of AirAsia X (AAX) lessors have expressed support for the airline’s restructuring plan. In addition, a…