Malaysia’s AirAsia X Offers Creditors To Pay Just 0.5% Of Their $8.1 Billion Debt

Written by Sebastian Powell @ LoyaltyLobby

Air Asia X, the Malaysian medium-longhaul subsidiary of Air Asia that was started by the companies founder Tony Fernandes has amassed a total of US$8.1 Billion in debt and is looking for a large scale debt relief. According to media reports Air Asia X has offered creditors a settlement payment in exchange for a 99.95% […]

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