Malaysian Tycoon Tony Fernandes’ AirAsia X Completes Restructuring; To Reverse $7.9 Billion Of Debt Provisions |
March 17, 2022 | March 2022 Bond Updates |
AirAsia X—the long-haul subsidiary of Malaysian tycoons Tony Fernandes and Kamarudin Meranun’s Capital A—has completed its debt restructuring, paving the way for the airline to reverse 33 billion ringgit ($7.9 billion) in provisions previously set aside for these liabilities. |
View more at: https://www.forbes.com/sites/jonathanburgos/2022/03/17/malaysian-tycoon-tony-fernandes-airasia-x-completes-restructuring-to-reverse-79-billion-of-debt-provisions/ |
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