AirAsia X recapitalisation discussions progressing well

CEO Benyamin Ismail (pic) told Reuters in a telephone interview that negotiations and discussions with lessors, planemaker Airbus SE and service providers have progressed, but declined to detail what had been agreed.

KUALA LUMPUR: AirAsia X Bhd (AAX) has made “substantial progress” in months-long talks with creditors as it aims to convene meetings with them to vote on a restructuring scheme by the end of October, its chief executive said.

CEO Benyamin Ismail told Reuters in a telephone interview that negotiations and discussions with lessors, planemaker Airbus SE and service providers have progressed, but declined to detail what had been agreed.