Cash-strapped AirAsia X has been granted more breathing space. It was given court permission to extend the deadline to hold its creditor meetings to March 2022.
The High Court in Malaysia granted an order for an extension until March 17. The court had already granted special dispensation to hold three separate creditors meetings. The airline’s 14 creditors were separated into three groups – Malaysia Airports Holdings, Airbus and a group containing all other creditors.
It has faced strong creditor opposition to its proposed restructuring of its multi-billion dollar debt.
