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Airasia x debt restructuring - Investor Relations: AirAsia X Restructuring





The full effects on the income statement and balance sheet of the company will be reflected in the next quarterly stock exchange announcement.






AirAsia X gets 100% approval from creditors for debt restructuring plan


The loss, which amounts to eight times higher, was attributed to an accounting provision of 23.



The debt restructuring proposal was approved by its creditors on 12 November 2021 and by the High Court of Malaya on 16 December 2021.





In the next two months we will recommence passenger services to several more international destinations in line with borders reopening with exciting offerings for guests and particularly to our customers that have travel credits with us.



The plan in October 2020 as an alternative to liquidation.








Investor Relations: AirAsia X Restructuring



Description: The plan also terminates all existing contracts.

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SEPANG, 16 March 2022 - AirAsia X AAX has today lodged the Sanction Order for its debt restructuring with the Registrar of Companies with the formalities of the restructuring now completed.
The debt restructuring proposal was approved by its creditors on 12 November 2021 and by the High Court of Malaya on 16 December 2021.
AirAsia X will then embark on a recapitalisation, which it expects to complete in the first quarter of 2022.

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