KUALA LUMPUR (July 1): AirAsia X Bhd (AAX), the low-cost long-haul affiliate of AirAsia Aviation Group, said it is in the midst of regularising its financial position via a proposed debt and corporate restructuring and fundraising, after slipping into Practice Note 17 (PN17) status last year. Thereafter, it will implement a revised business plan to turn around its financial performance.
It has about four months to submit the regularisation plan to the relevant authorities for…
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