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Court grants Malaysia's AirAsia X extension to hold creditors meeting by March

KUALA LUMPUR (Reuters) - Malaysia's long-haul budget carrier AirAsia X Bhd (AAX) has obtained court permission to extend the deadline to convene its creditor meetings to March...
Court grants Malaysia's AirAsia X extension to hold creditors meeting by March © Reuters. FILE PHOTO: AirAsia Airbus A320-200 planes are seen on the tarmac of Kuala Lumpur International Airport 2 (KLIA2) in Sepang, Malaysia, February 4, 2020. REUTERS/Lim Huey Teng

KUALA LUMPUR (Reuters) - Malaysia's long-haul budget carrier AirAsia X Bhd (AAX) has obtained court permission to extend the deadline to convene its creditor meetings to March next year, it said on Wednesday.

AirAsia X said the High Court granted an order for an extension until March 17 for it to convene separate meetings of the creditors "for the purpose of considering and, if thought fit, approving with or without modification" a restructuring scheme to be proposed.

In February, it was granted court approval to convene the separate meetings https://www.reuters.com/article/airasia-x-restructuring-idUSL1N2KS094 with different groups of creditors to vote on its proposal within 180 days.

The court had separated the airline's 14 creditors into three classifications — the first for airport operator Malaysia Airports Holdings Bhd, the second for other creditors, and the third for planemaker Airbus SE (OTC:EADSY).

AAX, an affiliate of AirAsia Group, proposed last October to restructure 64.15 billion ringgit of debt and has faced objections to its scheme from some creditors.

The airline said the alternative was liquidation with no returns to creditors. AAX will need approval from creditors at the meetings holding at least 75% of the money owed.

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28-09-2021 01:21:52 (UTC+7)

EUR/USD

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 EUR/USD1.1708↑ Buy
 GBP/USD1.3713↑ Buy
 USD/JPY110.96↑ Sell
 AUD/USD0.7289↑ Buy
 USD/CAD1.2620Neutral
 EUR/JPY129.91Buy
 EUR/CHF1.0834↑ Buy
 Gold1,751.35↑ Sell
 Silver22.692↑ Buy
 Copper4.2835Neutral
 Crude Oil WTI75.56↑ Sell
 Brent Oil78.84↑ Sell
 Natural Gas5.660↑ Buy
 US Coffee C194.98↑ Buy
 Euro Stoxx 504,165.48↑ Sell
 S&P 5004,451.50↑ Buy
 DAX15,573.88↑ Sell
 FTSE 1007,063.40↑ Sell
 Hang Seng24,208.78↑ Buy
 Small Cap 20002,295.50↑ Buy
 IBEX 359,002.90Buy
 BASF64.740↑ Sell
 Bayer47.47↑ Buy
 Allianz196.19↑ Buy
 Adidas278.80↑ Sell
 Lufthansa6.561↑ Buy
 Siemens AG147.27↑ Sell
 Deutsche Bank AG11.120↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,665/ 5,715
(0/ 0) # 900
SJC HCM5,635/ 5,700
(0/ 0) # 885
SJC Hanoi5,635/ 5,702
(0/ 0) # 887
SJC Danang5,635/ 5,702
(0/ 0) # 887
SJC Nhatrang5,635/ 5,702
(0/ 0) # 887
SJC Cantho5,635/ 5,702
(0/ 0) # 887
Cập nhật 28-09-2021 01:21:55
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Sản phẩmVùng 1Vùng 2
RON 95-IV2204022480
RON 95-II,III2194022370
E5 RON 92-II2071021120
DO 0.05S1658016910
DO 0,001S-V1693017260
Dầu hỏa1564015950
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WTI$75.43-0.74-0.99%
Brent$78.79-0.79-1.01%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.630,0022.860,00
EUR25.993,7727.346,60
GBP30.324,2231.591,18
JPY200,45212,05
KRW16,7520,39
Cập nhật lúc 18:54:42 27/09/2021
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