Airasia X completes debt restructuring
Cash-strapped Airasia X has completed its contentious debt restructuring. It clears nearly $8 billion of debt after the airline agreed to pay only 0.5% of debt owed. It was approved by creditors and the High Court last year.
The airline scrapped all outstanding contracts including large aircraft orders. It posted a record quarterly loss last September. CEO Benyamin Ismail said it will restart passenger services in the coming weeks, although there is a much stronger focus now on its cargo business.
Read Full StoryHave your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.































Qatar Airways offers reduced timetable to over 60 destinations
Hands In, UATP join forces for airline multi-card payments
AirlineRatings reveals world's safest airline rankings for 2026
Vietnam warns airlines of possible flight reductions amid jet fuel shortages
Fliggy opens AI-powered travel bookings and developer tools