{"id":106389,"date":"2021-02-22T14:53:39","date_gmt":"2021-02-22T14:53:39","guid":{"rendered":"https:\/?p=106389"},"modified":"2021-02-22T15:00:26","modified_gmt":"2021-02-22T15:00:26","slug":"court-orders-airasia-x-to-convene-a-meeting-of-creditors","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2021\/02\/court-orders-airasia-x-to-convene-a-meeting-of-creditors.html","title":{"rendered":"Court orders AirAsia X to convene a meeting of creditors."},"content":{"rendered":"\n

Malaysia’s High Court has ordered low-cost carrier AirAsia X (AAX) to convene separate meetings with its various creditor groups within 180 days from the date of the order.<\/p>\n\n\n\n

See also: <\/em><\/strong>Korean Air obtains first approval for acquisition of Asiana Airlines.<\/em><\/a><\/p>\n\n\n\n

The meetings are intended to “review and, if deemed appropriate, approve with or without modifications the debt restructuring proposal to be proposed by AirAsia and the creditors,” the airline said in a stock exchange filing Monday.<\/p>\n\n\n\n

See also: <\/em><\/strong>Singapore Airlines delays delivery of Airbus and Boeing aircraft.<\/em><\/a><\/p>\n\n\n\n

The Kuala Lumpur High Court ruled that aircraft lessors and aircraft manufacturer Airbus should be treated as unsecured creditors, but that the European manufacturer would be placed in a separate class from other unsecured creditors. The ruling was handed down last Friday, The Edge Financial Daily reported.<\/p>\n\n\n\n

The airline has been seeking to restructure 64.15 billion ringgit ($15.9 billion) of debt.<\/p>\n\n\n\n

AirAsia has also proposed a separate restructuring plan for aircraft lessors that aims to address their concerns, citing the possibility of recovering lease losses, according to a document seen by Reuters.<\/p>\n\n\n\n

Related Topics<\/h2>\n\n\n\n\t\t\t
\n\n\t\t\t\t\t\t\t\t\t\t\t\t
\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t

\n\t\t\t\tAmerican and Alaska Airlines Explore Strategic Revenue-Sharing Alliance to Expand Global Reach<\/a>\n\t\t\t<\/h4>\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\tRead More<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t

\n\t\t\t\tAmerican Airlines Unveils New Passenger Experience at New York-JFK Terminal 8<\/a>\n\t\t\t<\/h4>\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\tRead More<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t

\n\t\t\t\tTrump Administration Negotiates $500 Million Bailout for Spirit Airlines Amid Fuel Price Crisis<\/a>\n\t\t\t<\/h4>\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\tRead More<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t

\n\t\t\t\tLaser Airlines Resumes Direct Caracas-Miami Service Starting in May<\/a>\n\t\t\t<\/h4>\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\tRead More<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t","protected":false},"excerpt":{"rendered":"Malaysia’s High Court has ordered low-cost carrier AirAsia X (AAX) to convene separate meetings with its various creditor…\n","protected":false},"author":4316,"featured_media":106384,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[303,230,465],"class_list":{"0":"post-106389","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"tag-air-asia-2","9":"tag-airline","10":"tag-asia-2"},"uagb_featured_image_src":{"full":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/02\/AirAsia-A330.jpg",800,400,false],"thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/02\/AirAsia-A330-150x150.jpg",150,150,true],"medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/02\/AirAsia-A330-300x150.jpg",300,150,true],"medium_large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/02\/AirAsia-A330-768x384.jpg",768,384,true],"large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/02\/AirAsia-A330.jpg",800,400,false],"1536x1536":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/02\/AirAsia-A330.jpg",800,400,false],"2048x2048":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/02\/AirAsia-A330.jpg",800,400,false],"pk-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/02\/AirAsia-A330.jpg",80,40,false],"pk-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/02\/AirAsia-A330.jpg",300,150,false],"csco-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/02\/AirAsia-A330-80x80.jpg",80,80,true],"csco-intermediate":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/02\/AirAsia-A330-200x140.jpg",200,140,true],"csco-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/02\/AirAsia-A330-380x220.jpg",380,220,true],"csco-thumbnail-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/02\/AirAsia-A330-300x180.jpg",300,180,true],"csco-thumbnail-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/02\/AirAsia-A330-380x190.jpg",380,190,true],"csco-medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/02\/AirAsia-A330.jpg",800,400,false],"csco-medium-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/02\/AirAsia-A330-560x336.jpg",560,336,true],"csco-medium-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/02\/AirAsia-A330.jpg",800,400,false],"csco-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/02\/AirAsia-A330.jpg",800,400,false],"csco-large-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/02\/AirAsia-A330.jpg",800,400,false],"csco-extra-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/02\/AirAsia-A330.jpg",800,400,false]},"uagb_author_info":{"display_name":"Redacci\u00f3n - Aviaci\u00f3n al D\u00eda","author_link":"https:\/\/aviacionaldia.com\/en\/author\/aad"},"uagb_comment_info":0,"uagb_excerpt":"Malaysia’s High Court has ordered low-cost carrier AirAsia X (AAX) to convene separate meetings with its various creditor…","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/106389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/users\/4316"}],"replies":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/comments?post=106389"}],"version-history":[{"count":2,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/106389\/revisions"}],"predecessor-version":[{"id":106392,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/106389\/revisions\/106392"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media\/106384"}],"wp:attachment":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media?parent=106389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/categories?post=106389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/tags?post=106389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}