October 28, 2020

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Budget airline AirAsia X out of money, needs $120 million for restart: Report

The Malaysian airline, the long-haul arm of AirAsia Group Bhd , said this month it wanted to restructure 63.5 billion ringgit ($15.32 billion) of debt and slash its share capital by 90% to continue as a going concern. ...

Budget airline AirAsia X out of money, needs $120 million for restart: Report The Malaysian airline, the long-haul arm of AirAsia Group Bhd , said this month it wanted to restructure 63.5 billion ringgit ($15.32 billion) of debt and slash its share capital by 90% to continue as a going concern.

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