Malaysian Budget Airline AirAsia X Struggling For Money, Requires $120 Million To Restart: Reports

Malaysian Budget Airline AirAsia X Struggling For Money, Requires $120 Million To Restart: Reports

The Malaysian airline, the long-haul arm of AirAsia Group Bhd is aiming to restructure 63.5 billion ringgit ($15.32 billion) of debt and slash its share capital by 90% to continue operations.

7 days ago

Budget Airline Airasia X Out Of Money, Needs $120 Million For Restart

Budget Airline Airasia X Out Of Money, Needs $120 Million For Restart

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., , airasia, aviation sector, Malaysian airline, ...

7 days ago

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

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

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

7 days ago

AirAsia X 'out of money'

AirAsia X 'out of money'

KUALA LUMPUR: The long-haul budget carrier AirAsia X Bhd has run out of money and needs to raise up to 500 million ringgit (US$120 million) to restart the airline, according to deputy chairman Lim Kian Onn.

7 days ago

Budget airline AirAsia X out of money, needs RM500m for restart: report

Budget airline AirAsia X out of money, needs RM500m for restart: report

[SYDNEY] Long-haul, low-cost carrier AirAsia X Bhd has run out of money and needs to raise up to RM500 million (S$163.7 million) to restart the airline, deputy chairman Lim Kian Onn said in a newspaper interview published on Saturday. Read more at The ...

7 days ago

AirAsia X to liquidate Indonesia operations amidst pandemic

AirAsia X to liquidate Indonesia operations amidst pandemic

AIRASIA X is liquidating its Indonesian arm in a bid to survive the virus pandemic that has left the low-cost airline's planes grounded since late March.

7 days ago

AirAsia X needs RM500m for restart, to liquidate Indonesian ops — newspaper

AirAsia X needs RM500m for restart, to liquidate Indonesian ops — newspaper

Long-haul, low-cost carrier AirAsia X Bhd has run out of money and needs to raise up to RM500 million to restart the airline, deputy chairman Datuk Lim Kian Onn said in a newspaper interview published today.

7 days ago

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

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

Long-haul, low-cost carrier AirAsia X has run out of money and needs to raise up to $120.6 million to restart the airline, deputy chairman Lim Kian Onn said in a newspaper interview published on Saturday. The Malaysian airline, the long-haul arm of AirAsia ...

7 days ago

AirAsia X to liquidate Indonesia operations, says report

AirAsia X to liquidate Indonesia operations, says report

The long-haul arm of AirAsia Group Bhd has also written down its 49% stake in Thai AirAsia X.

7 days ago

AirAsia X to Liquidate Indonesia Operations Amid Woes, Star Says

AirAsia X to Liquidate Indonesia Operations Amid Woes, Star Says

AirAsia X Bhd. is liquidating its Indonesian arm in a bid to survive the virus pandemic that has left the low-cost airline's planes grounded since late March.

7 days ago

Star Exclusive - AAX: The last stand

Star Exclusive - AAX: The last stand

Will low-cost, long-haul airline AirAsia X be able to rise from the depths of its debt despair, or will the pandemic kick the last nail in?

8 days ago

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