The airline's restructuring proposal needs approval from creditors holding at least 75% of the total value of the debt, and the source said that the bulk of the figure is linked to future aircraft orders and it gives Airbus SE nearly 75% on its own.
KUALA LUMPUR: Malaysia's AirAsia X Bhd
plans to revise its $15.3 billion debt restructuring plan to address concerns raised by a creditor as its cash is running out fast, people with direct knowledge of the matter said.
The budget carrier is seeking to reconstitute the $15.3 billion of unsecured debt into a principal amount of 200 million ringgit ($48 million) and have the rest waived.
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