Beleaguered AirAsia X has gained shareholder approval to proceed with its corporate restructuring plan, as it reiterated its commitment to an operational restart as soon as possible.
The shareholder approval, which took place at the airlines extraordinary general meeting on 1 June, comes as AirAsia X finalises negotiations with creditors on its restructuring process.
The carrier and its restructuring advisors New York-based Seabury Capital intends to hold a court-convened meeting with its lessors and other creditors in late-July or August.
Calling the latest development a major milestone in its plans to turn the troubled business around, AirAsia X says: [We are] committed to resuming commercial operations as soon as possible on a …
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