News
AirAsia X granted extra time to produce restructuring strategy
May 11th 2023
Malaysia-listed AirAsia X (AAX) has received a three-month reprieve, to July 28 this year, to submit a restructuring strategy to the Bursa Malaysia stock exchange. Read More » On October 29, 2021 Malaysia’s stock exchange issued AAX with a Practical Note 17 (PN17) notice prompted by the LCC’s financial fragility at the time. To continue to trade on the local stock exchange, such a notice requires a company to submit and receive approval of a financial regularisation plan within a specified time frame.
