|Bid||0.0750 x 0|
|Ask||0.0800 x 0|
|Day's Range||0.0750 - 0.0800|
|52 Week Range||0.0350 - 0.1200|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
KUALA LUMPUR (Reuters) -Malaysia's 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. Benyamin Ismail told Reuters in a telephone interview that negotiations with lessors, planemaker Airbus SE and service providers had progressed, but declined to share details. The airline, an affiliate of AirAsia Group, also hopes to complete talks with potential investors for its recapitalisation by the end of the year.
Malaysia's long-haul budget carrier AirAsia X Bhd (AAX) has obtained court permission to extend the deadline to convene its creditor meetings to March next year, it said on Wednesday. AirAsia X said the High Court granted an order for an extension until March 17 for it to convene separate meetings of the creditors "for the purpose of considering and, if thought fit, approving with or without modification" a restructuring scheme to be proposed. In February, it was granted court approval to convene the separate meetings https://www.reuters.com/article/airasia-x-restructuring-idUSL1N2KS094 with different groups of creditors to vote on its proposal within 180 days.
The Malaysian high court has granted AirAsia X Bhd a nine-month extension on a restraining order which prevents creditors from filing any legal proceedings against it, the airline said in a stock exchange filing. The filing on Thursday said the extension runs nine months from the day of the announcement. The court had granted a restraining order in March for three months, as the budget airline undergoes a restructuring of its 64.15 billion ringgit ($15.5 billion) debt.