AirAsia X debt revamp plan gets creditors' approval

AirAsia X has managed to get 100% approval for its debt restructuring plan.

KUALA LUMPUR: AirAsia X has managed to get 100% approval for its debt restructuring plan from its Class A and C scheme creditors and 97.6 per cent from its Class B creditors, thereby ensuring the passage of the troubled airline’s debt proposal.

Mercury Securities Sdn Bhd, on behalf of the carrier, said the approvals were obtained following the court convened meetings (CCMs) held with three different groups of the creditors "present and voting either in person or by proxy” at the said CCMs.