Court grants AirAsia X extension to hold creditors meeting by March

KUALA LUMPUR (Reuters) - Long-haul budget carrier AirAsia X Bhd (AAX) has obtained court permission to extend the deadline to convene its creditor meetings to March next year, it said on Wednesday.

AirAsia X said the High Court granted an order for an extension until March 17 for it to convene separate meetings of the creditors "for the purpose of considering and, if thought fit, approving with or without modification" a restructuring scheme to be proposed.