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PETALING JAYA: Debt-laden AirAsia X Bhd’s (AAX) major restructuring plan will be the first step to ensure its own survival with its fleet still grounded due to travel and movement restrictions.
KUALA LUMPUR: Selling pressure accelerated on Bursa Malaysia on Wednesday as rising Covid-19 cases and the fallout on the economy saw the FBM KLCI close down at its lowest since June 26 while the ringgit weakened.
KUALA LUMPUR: Blue chips started Wednesday on a cautious note, weighed down by losses in MISC, Tenaga, Telekom and banks after Wall Street closed lower.
KUALA LUMPUR: Stocks to watch on Wednesday include AirAsia X Bhd (AAX), Top Glove Corp Bhd, SCGM Bhd, Bintai Kinden Corp Bhd, Focus Dynamics Group Bhd and Oversea Enterprise Bhd, according to JF Apex Research.
KUALA LUMPUR: AirAsia X Bhd (AAX) has announced a group-wide debt and corporate restructuring scheme, as the cash-starved budget airline seeks to avoid liquidation.
KUALA LUMPUR: Low-cost airline AirAsia Bhd may again be laying off a few hundred employees as it seeks to survive in an industry hit hard by the Covid-19 crisis.
KUALA LUMPUR: AirAsia Group Bhd is looking to raise as much as RM2.5bil by year-end, and is also reviewing its business in Japan as the airline seeks to weather the Covid-19 crisis, its chief executive said yesterday.
KUALA LUMPUR (Reuters) - AirAsia Group Bhd is looking to raise as much as RM2.5bil by year-end, and is also reviewing its business in Japan as the airline seeks to weather the COVID-19 crisis, its chief executive said on Monday.
KUALA LUMPUR: Stocks to watch on Monday include AirAsia X Bhd (AAX), LBS Bina Group Bhd, Inix Technologies Holdings Bhd, Ipmuda Bhd, Fintec Global Bhd and Ageson Bhd, according to JF Apex Research.