News
AirAsia X granted extension to complete corporate restructuring
March 28th 2022
AirAsia X (AAX) said the Bursa Malaysia has lengthened the deadline for the company’s completion of its corporate reorganisation. Read More » The LCC group said the Malaysia stock exchange has agreed to a deadline of October 26, 2022, giving the company more time to complete a proposed fundraising and a proposed subscription option. The LCC has been consolidating its share registry, restructuring debt and raising fresh equity in response to large losses incurred from the pandemic. In February, AAX reported an 11.9 million ringgit (US$2.9 million) net loss for the three months to December 31, an improvement from a net loss of 174.3 million ringgit in the same months in 2020.
