https://www.reuters.com/article/airasia-x-restructuring-idUSKBN27208E

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Tail of AirAsia X plane as seen at the Garuda Maintenance Facility AeroAsia in Tangerang, Indonesia, September 20, 2017. REUTERS/Beawiharta/Files. (Reuters) - Long-haul, low-cost carrier AirAsia X Bhd AIRX.KL has run out of money and needs to raise up to 500 million ringgit ($120.60 million) to restart the airline, deputy chairman Lim Kian Onn said in a newspaper interview published on Saturday. The Malaysian airline, the long-haul arm of AirAsia Group Bhd AIRA.KL , said this month it wanted to restructure 63.5 billion ringgit ($15.32 billion) of debt and slash its share capital by 90% to continue as a going concern. “We have run out of money,” Lim told The Star newspaper. “Obviously... Full story

17 October

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