AirAsia X is in a difficult position. As such, the carrier announced on October 6th a restructuring plan that should hopefully keep the airline afloat and running for years to come with an equity injection. The restructuring plan should see the airline making structural changes to get out of the current crisis, including fleet right-sizing and some shedding of jobs.
The situation at AirAsia X
AirAsia X is, according to the airline, facing severe liquidity constraints. This is due to closed international borders and travel restrictions that have grounded all scheduled flights. The low-cost long-haul airline also…
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