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Malaysia’s AirAsia X proposes paying 0.5% of $8.1 billion debt owed to creditors – document

Malaysia's AirAsia X proposes paying 0.5% of $8.1 billion debt owed to creditors - document

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AirAsia X Bhd (AAX) is proposing to pay just 0.5% of debt owed to each of its creditors and to terminate all existing contracts so that it can restructure 33.65 billion ringgit ($8.1 billion) of liabilities, a document seen by Reuters shows.

...read full article on Reuters

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