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Tag Archives: AirAsia X

With creditor talks progress, AirAsia X eyes end-Oct meets

KUALA LUMPUR: AirAsia X Bhd (AAX) has made "substantial progress" in months-long talks with creditors as it aims to convene meetings with them to vote on a restructuring scheme by the end of October, its chief executive said.

CEO Benyamin Ismail told Reuters in a telephone interview that negotiations and discussions with lessors, planemaker Airbus SE and service providers have progressed, but declined to detail what had been agreed.

The airline, an affiliate of

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FY16 core earnings for AirAsia X higher than forecast

Thursday, 23 February 2017 KUALA LUMPUR: AirAsia X’s full-year FY16 core net profit of RM176 million was substantially higher than CIMB Equities Research’s previous forecast of RM116 million, due to higher-than-expected charter incomes. However, the research house had on Thursday cautioned against extrapolating the results, as ringgit weakness, oil price …

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