The low-cost long-haul airline, a sister carrier to AirAsia Group Bhd, said in a filing with the stock exchange that it had set Nov 12 for creditor meetings to vote on the restructuring proposal.
KUALA LUMPUR: AirAsia X Bhd
(AAX) is proposing to pay just 0.5% of debt owed to each of its creditors and to terminate all existing contracts so that it can restructure RM33.65bil of liabilities, a document seen by Reuters shows.
The low-cost long-haul airline, a sister carrier to AirAsia Group Bhd, said in a filing with the stock exchange that it had set Nov 12 for creditor meetings to vote on the restructuring proposal.
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