“The management and directors will continue to seek additional liquidity and work towards a material reduction of the company’s cost base to enable AAX to continue as a going concern in the post Covid-19 environment, when overall demand for international air travel is expected to be significantly below the level of 2019 and previous years, ” AAX said in a filing with Bursa Malaysia.
PETALING JAYA: Amid severe liquidity constraints, AirAsia X Bhd
(AAX) says it has applied for bank loans to improve its financial standing.
In addition, the long-haul budget carrier said it has commenced bilateral negotiations with its aircraft lessors and maintenance partners to significantly reduce its operating cost base.
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