On Oct 6, AAX announced a proposed debt restructuring scheme to reconstitute the RM63.5 billion debt into a principal amount of RM200 million, which is payable annually over a period of up to five years.
KUALA LUMPUR: AirAsia X Bhd
’s (AAX) net loss widened to RM308.46 million in the third quarter ended Sept 30,2020, from RM229.89 million in the same quarter last year.
The closure of international borders following the COVID-19 pandemic dragged the long-haul carrier’s revenue down by 94 per cent to RM59.91 million during the quarter under review from RM1.01 billion previously.
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