United Kingdom
United States
Asia Pacific
Airasia X completes debt restructuring
Monday, 17 Mar, 2022
0
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 Story
Ray Monty
Exploring Brooklands Museum with Alex Patterson
Global Tourism Challenges and Upcoming Events: A Conversation with Don Welsh
Peebles Barbeque: A Legacy of Flavor and Tradition
Exploring Bok Tower Gardens with Erica Smith
Rue’s Living Water Boat Cruises: Exploring Winter Haven’s Chain of Lakes
Durango and Silverton Railroad: A Timeless Journey Through History and Scenic Beauty
Walt Leger on New Orleans’ Resilience and Major Events Ahead
Cindy Mackin Shares Estes Park’s Winter Thrills
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
Qatar Airways adding Manchester flights
EU entry-exit system delayed again
ATC strike in Greece could disrupt flights this week
Jet2 unveils Samos as new Greek destination for summer 2026
Icelandair launches inaugural flight to Nashville