AirAsia X shows court creditors’ support for revamp plan

AAX’s senior legal counsel, Shereen Ee, said in court documents seen by Reuters that 15 out of 20 aircraft lessors were not in favour of AAX liquidating, and three other interveners – Airbus, Rolls-Royce Group and BNP Paribas – were “not objecting” to the restructuring plan

KUALA LUMPUR: Most of AirAsia X Bhd’s (AAX) lessors support a restructuring plan, and the Malaysian airline has received interest from potential investors for fundraising after reorganisation, court documents filed this month show.

In e-mails attached to the court filings, supportive lessors said they wanted to continue discussions with the budget airline and potential new investors, seeking more equitable terms and new commercial arrangements.