Airlines
AirAsia X Presents Plan To Stave Off Liquidation
Malaysian LCC AirAsia X wants to resume flying “in the coming months” but first needs to restructure its debts.

AirAsia X has formulated a restructuring plan to inject fresh equity into the company to allow it to resume flying, the Malaysian low-cost, long-haul carrier said Tuesday. The airline grounded its fleet in March due to the near-collapse of international air travel resulting from Covid-19.