Malaysian court orders AirAsia X to convene creditor meetings within 6 months

KUALA LUMPUR: Malaysia's high court has ordered budget long-haul airline AirAsia X Bhd (AAX) to convene separate meetings with its different groups of creditors within 180 days from the date of order.

The meetings are for the purpose of "considering and, if thought fit, approving with or without modification the Proposed Debt Restructuring to be proposed by AAX and the creditors", AAX said in a bourse filing on Monday. It did not state the date of the order.