AirAsia X completes debt restructure, to write back RM33bil to profit

AirAsia X CEO Benyamin Ismail

KUALA LUMPUR: AirAsia X Bhd (AAX) said on Wednesday it had completed its debt restructuring, and will write RM33bil back to profits in the next quarter.

Under the airline's restructuring proposal, it would pay just 0.5% of debt owed and end its existing contracts. It was approved by its creditors and the High Court of Malaya last year.