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Thai AirAsia X files for bankruptcy
Sunday, May 22, 2022
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Thai AirAsia X has filed for bankruptcy after more than two years without any international flights. The Thailand based long haul unit says a rehabilitation plan will be drawn up and it could take 8-12 months to exit the bankruptcy process.
The airline has already downsized its fleet from 12 wide-body aircraft to eight.
It is the third airline in Thailand to file for bankruptcy during the Covid-19 era after flag carrier Thai Airways and Nok Air.
Malaysia’s Airasia X recently completed its own debt restructuring.
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Ray Monty
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