AirAsia X says no longer classified as a distressed firm


AirAsia X said on Tuesday that Malaysia's stock exchange had told the budget airline that it is no longer classified as financially distressed lifting the threat of being de-listed.

Both AirAsiaX and its parent company Capital A saw deep losses following a plunge in demand due to the pandemic and have scrambled to raise funds.

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AirAsia X , AAX , Regularisation plan , PN17 , Airline

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