AirAsia X revamp to avert bankruptcy

AirAsia X CEO Benyamin Ismail (pic) said the proposed restructuring plan was the group’s only option to ensure the airline’s survival

PETALING JAYA: Standing on the brink of bankruptcy, debt-laden AirAsia X Bhd has proposed a major restructuring plan as the last resort to rescue the long-haul low cost carrier.

Former investment banker and AirAsia X director Datuk Lim Kian Onn, who was appointed the deputy chairman yesterday, will take the lead in ensuring the struggling airline will be able to fly again.