Malaysian budget airline group AirAsia Group Bhd reported a wider quarterly net loss on Monday, as a lockdown and pandemic restrictions on domestic travel weighed on revenue, while it logged a foreign
AirAsia Group Shares Fall After Reports of Jobs Cut at Thai Associate MarketWatch
The post Malaysian Tycoon Tony Fernandes AirAsia X Creditors Approve Debt Restructuring Plan appeared on BitcoinEthereumNews.com . Budget air carrier AirAsia X. TENGKU BAHAR/AFP via Getty Images AirAsia Xthe long-haul subsidiary of Malaysian tycoon Tony Fernandes AirAsia Groupsaid Friday 99% of its creditors approved its debt restructuring plan
Under the plan, AirAsia X offered to repay just 0.5% of its over $8 billion debts to creditors and to terminate contracts with suppliers.
Malaysian long-haul low-cost airline AirAsia X (AAX) said on Friday that 100% of the first of three groups of creditors had agreed to a restructuring scheme that proposes to pay just 0.5% of debt owed
AirAsia Group Bhd's logistics arm Teleport is aiming to expand its fleet of cargo planes but that may not involve tapping into its parent's large order for Airbus SE A321neos, Teleport's chief executi
Malaysia's AirAsia Group Bhd is in talks with Airbus SE about its interest in the manufacturer developing a new factory-built freighter version of the A321neo passenger plane, the head of its cargo ar
AirAsia X may be delisted from Bursa Malaysia after its auditor cast significant doubt in the airline's ability to continue as a going concern.
AirAsia Group Bhd has partnered with more than 20 airlines as it builds up its Super App into an online travel agency that also sells flights by competitors, the Malaysian budget airline said on Thurs
Asia Aviation—the operator of Thailand's Thai AirAsia—will raise as much as 17.9 billion baht ($536 million) in a revised financial restructuring plan aimed at reviving the loss-making airline tha
AirAsia X Bhd (AAX) is proposing to pay just 0.5% of debt owed to each of its creditors and to terminate all existing contracts so that it can restructure 33.65 billion ringgit ($8.1 billion) of liabi
AirAsia Group said Tuesday it has received approval from Danajamin Nasional Berhad for a loan of up to 500 million ringgit ($120 million), providing the airline a much need.
Malaysia's AirAsia Group Bhd has reaffirmed its commitment for fleet migration to Airbus A321neo with the conversion of the remaining A320 orders, it said on Wednesday.
AirAsia X—the long-haul affiliate of Malaysian tycoon Tony Fernandes' AirAsia Group—reported its biggest-ever quarterly loss as travel restrictions to curb the further spread of Covid-19 grounded
Malaysia's AirAsia X Bhd posted a record quarterly loss of $5.9 billion, eight times more than a year ago, as it made provisions for an amount payable to creditors, it said on Monday.
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