AirAsia in $246mn fundraise, creditors back AAX restructure
AirAsia Group shareholders voted on November 11 in favour of a cash call to raise up to MYR1,024,058,370 ringgit (USD245.9… Read More »
AirAsia X creditors agree to restructuring, cut Airbus orders
AirAsia X (AAX) creditors have agreed to a restructuring that will pay just 0.5% of the debt owed and end… Read More »
British firm to unveil technology for zero-carbon emission flights at Cop26
A British company being launched at the Cop26 summit on Friday Nov. 5 will unveil technology it claims could enable… Read More »
U.S. and European Airlines reopen lounges with new perks
Airlines are reopening airport lounges with higher-end service to lure back premium travelers after the pandemic, while increasingly opening the… Read More »
Malaysia’s AirAsia X labelled a distressed firm
AirAsia X (D7, Kuala Lumpur Int’l) risks being delisted from the Malaysian stock exchange after being categorized as a financially… Read More »
Family-friendly European cities that won’t break the bank
Many UK families are ditching a drizzly British October for warmer climes this week. School half-term starts on… Read More »
Malaysia’s AirAsia X suggests paying 0.5% of $8.1bn debt
AirAsia X (D7, Kuala Lumpur Int’l) has asked its creditors to convene on November 12 to consider a restructuring proposal… Read More »
Malaysia’s AirAsia X proposes paying 0.5% of $8.1 bln debt
AirAsia X Bhd (AAX) (AIRX.KL) is proposing to pay just 0.5% of debt owed to each of its creditors and… Read More »