AAX’s relief application rejected

PETALING JAYA: Bursa Malaysia has rejected AirAsia X Bhd’s (AAX) application for proposed relief and Practice Note 17 (PN17) upliftment.

In a filing with Bursa Malaysia, AAX said Bursa Securities had, vide its letter dated Oct 18, 2023, rejected the company’s application for the proposed relief PN17 upliftment.

AAX said the local bourse has granted the company an extension of time until Jan 17, 2024 to submit its regularisation plan to the regulatory authorities.

“In this regard, the company will consider all available options (including the possibility of an appeal) and announce the next course of action to be undertaken in due course.”