AirAsia X eyes up to US$600mil debt restructuring

AirAsia X deputy group chief executive officer Farouk Kamal. — Reuters

KUALA LUMPUR: AirAsia X targets US$500mil to US$600mil in debt restructuring after the budget airline bought the short-haul aviation business of Capital A, says deputy group chief executive officer Farouk Kamal.

AirAsia X, the medium-haul affiliate of Capital A’s AirAsia, plans to combine the firms’ seven airlines under one banner.