AirAsia X targets restructuring as it runs out of money
18 October 2020 - 18:10
Kuala Lumpur — AirAsia X is liquidating its Indonesian arm in a bid to survive the virus pandemic that has left the low-cost airline’s planes grounded since late March.
The long-haul arm of AirAsia Group has also written down its 49% stake in Thai AirAsia X, the airline’s deputy chair Lim Kian Onn said in an interview with the Star newspaper...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.