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Reuters: AirAsiaX Restructures Debt

Reuters reports that Malaysian long-haul low-cost airline AirAsia X's creditors have agreed to a restructuring that will pay off only 0.5% of the massive debt already owed, as well as terminate its existing contracts.

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Reuters reports that Malaysian long-haul low-cost airline AirAsia X’s creditors have agreed to a restructuring that will pay off only 0.5% of the massive debt already owed, as well as terminate its existing contracts. The airline also reached a deal with Airbus regarding its outstanding multi-billion dollar order for 78 A330 and 30 A321XLR planes. However, the company is still facing the possibility of delisting from the Malaysia stock exchange.

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