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Malaysian Tycoon Tony Fernandes’ AirAsia X Completes Restructuring; To Reverse $7.9 Billion Of Debt Provisions

Malaysian Tycoon Tony Fernandes' AirAsia X Completes Restructuring; To Reverse $7.9 Billion Of Debt Provisions

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AirAsia X—the long-haul subsidiary of Malaysian tycoons Tony Fernandes and Kamarudin Meranun’s Capital A—has completed its debt restructuring, paving the way for the airline to reverse 33 billion ringgit ($7.9 billion) in provisions previously set aside for these liabilities.

...read full article on Forbes

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