AirAsia X debt restructuring approved

The long-haul, low-cost airline said 100% of the Class A and C creditors, and 97.6% of Class B creditors approved the proposed debt restructuring at the CCMs.

KUALA LUMPUR: AirAsia X Bhd (AAX) said its proposed debt restructuring has accordingly been approved by the scheme creditors, as the requisite majority of 75% of each Class A, B and C creditors was obtained at their respective court convened meetings (CCMs).

In a filing with Bursa Malaysia, the long-haul, low-cost airline said 100% of the Class A and C creditors, and 97.6% of Class B creditors approved the proposed debt restructuring at the CCMs.