Fernandes: AirAsia X will be back.

Malaysian entrepreneur Tony Fernandes has predicted troubled AirAsia X will emerge from the COVID crisis as a strong medium-haul operator in South-East Asia.

The longer-haul low-cost carrier was hit hard by COVID-19 AirAsia, losing $US$73.3 million in the quarter ending September.

In October, it warned it was facing a liquidity crisis and proposed a major debt restructuring involving $US15.3 billion of unsecured debt.

READ: Virgin boss predicts low fares here to stay in market share battle.

The proposed debt resettlement and waiver were designed to let the airline address its debt obligations in an orderly manner and arrive at a structure that read more ⇒

Source:: AirlineRatings.Com

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