Trending News

Blog Post

Market

Collectors cannot sue AirAsia X for one more 9 months, says Malaysia court docket By Reuters 



© Reuters. FILE PHOTO: Tail of AirAsia X aircraft as seen on the Garuda Upkeep Facility AeroAsia in Tangerang, Indonesia, September 20, 2017. REUTERS/Beawiharta/File Photograph

KUALA LUMPUR (Reuters) – The Malaysian excessive court docket has granted AirAsia X Bhd a nine-month extension on a restraining order which prevents collectors from submitting any authorized proceedings towards it, the airline mentioned in a inventory alternate submitting.

The submitting on Thursday mentioned the extension runs 9 months from the day of the announcement.

The court docket had granted a restraining order in March for 3 months, because the funds airline undergoes a restructuring of its 64.15 billion ringgit ($15.5 billion) debt.

Earlier this month, AirAsia X shareholders authorised its debt restructuring, permitting it to pursue a scheme it considered as key to survival which features a rights difficulty and a share subscription for brand spanking new buyers to boost 500 million ringgit.

($1 = 4.1390 ringgit)

Disclaimer: Fusion Media want to remind you that the information contained on this web site is just not essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs will not be supplied by exchanges however reasonably by market makers, and so costs is probably not correct and will differ from the precise market worth, that means costs are indicative and never acceptable for buying and selling functions. Due to this fact Fusion Media doesn`t bear any duty for any buying and selling losses you may incur on account of utilizing this information.

Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or harm on account of reliance on the data together with information, quotes, charts and purchase/promote indicators contained inside this web site. Please be absolutely knowledgeable relating to the dangers and prices related to buying and selling the monetary markets, it is without doubt one of the riskiest funding kinds attainable.





Supply hyperlink

Related posts

Leave a Reply

Required fields are marked *