GST, HVGT, could resurface as part of Budget 2025 alongside RON95 rationalisation, says RHB analyst. Are we ready?
主页 新闻 所有资讯 AirAsia X Only Wants To Pay 0.5% Of Its RM33.65 Billion Debt AirAsia X Only Wants To Pay 0.5% Of Its RM33.65 Billion Debt 所有资讯 Adam Aubrey | October 20日, 2021 03:41 PM According to documents sighted by Reuters, AirAsia X (AAX) intends to pay only 0.5% to each creditor and terminate all existing contracts to enable it to restructure its liabilities of RM33.65 billion. This is further supported by their filing to Bursa Malaysia on 18 October, where the low-cost long-haul carrier of AirAsia Group will be holding a meeting with creditors on 12 November to vote on its proposed debt restructuring plan. "To avoid liquidity and allow the airlines to fly again, the only option for AirAsia X is to implement a debt restructuring proposal," AirAsia said in a 127-page document seen by Reuters, as reported by The Star. The document sent to its creditors showed half of the total liabilities were the cost of canceling aircraft bookings from its largest creditor, Airbus SE, involving 78 A330neo large aircraft and 30 small-sized A321neo aircraft. AirAsia X also suggested that if it earns more than RM300 million in annual income before interest, tax, depreciation, amortization, lease rentals and restructuring cost for the financial years between 2023 to 2026, all creditors except Airbus will be entitled to 20% of that income. Also according to the document, 0.5% of the debt will be paid to each creditor from the operating cash flow for a year after the debt restructuring measures are implemented. It's also been said that AirAsia is negotiating with 29 lessors of its aircraft and several other creditors on commercial terms to continue the business relationship in the future. "This gives the lessors the option to continue leasing the aircraft from AirAsia X on new terms or accept the termination of the lease and return the relevant aircraft." "Two lessors have stated that they want to terminate this lease," the airline said. The scheme aims to achieve sustainable debt and business restructuring and strengthen the group's financial position. AirAsia X requires consent from creditors who hold at least 75% of the total debt value to obtain consent for its proposal. The airline also plans to raise RM500 million after implementing debt restructuring measures through rights issues and share subscriptions. Air Asia is one of the few airlines in the Asia Pacific region that is in the process of debt restructuring to enable it to survive this pandemic. Other airlines looking into debt management and restructuring include Malaysia Airlines, Virgin Australia, Thai Airways, and Philippine Airlines. ✕ 使用 WhatsApp 联系 我们依据 PDPA 保护您的个人信息。 我同意 Carlist.my 的使用条款和隐私政策 我同意接收来自 Carlist.my 及其汽车销售商、业务附属机构和合作伙伴的个性化通信。 查看最佳汽车优惠! Prev Next 特价 - 马上拨电! 天 小时 平均市场价格 为什么没有价格? 有时经销商希望您以最优惠的价格联系。 I 为什么没有价格? 有时经销商希望您以最优惠的价格联系。 相关标签 AirAsia X AirAsia Debt Restructuring Malaysia Airlines Virgin Australia Thai Airways Philippine Airlines 打印 Adam Aubrey Content Producer Wants to live the simple life, especially when it comes to cars and bikes. That's what tech is for he reckons, to make motoring simpler 相关文章 AirAsia X 'repairs' seats with tape, blames spare parts shortage 所有资讯 Sep Irran Halid | February 22日, 2023 Imagine boarding an international AirAsia X flight and finding that the armrests on the economy seats have been fixed using vinyl tape. That was what ... What Advice Will You Give A First Time Flyer - AirAsia Asks Twitter 所有资讯 Ferdinand | June 11日, 2022 AirAsia, @airasia asked its Twitter followers, What advice will you give a first time flyer? The response might not have been what the admins of the ... MAVCOM Pantau Harga Tiket Domestik – Kekerapan Penerbangan Akan Ditambah 所有资讯 Muhammad Sharil Tarmize | October 04日, 2022 Suruhanjaya Penerbangan Malaysia (MAVCOM) sedang memantau harga tiket penerbangan domestik terutamanya laluan ekonomi sehala ke Sabah dan Sarawak ... Too Many Useless T&C for AirAsia X 'Travel Vouchers' Compensation? 所有资讯 Sep Irran Halid | September 23日, 2022 It was back in June when AirAsia stated that they've 'paid back' almost all customers affected by flight cancellations during COVID-19 with travel ... 留言
AirAsia X Only Wants To Pay 0.5% Of Its RM33.65 Billion Debt 所有资讯 Adam Aubrey | October 20日, 2021 03:41 PM According to documents sighted by Reuters, AirAsia X (AAX) intends to pay only 0.5% to each creditor and terminate all existing contracts to enable it to restructure its liabilities of RM33.65 billion. This is further supported by their filing to Bursa Malaysia on 18 October, where the low-cost long-haul carrier of AirAsia Group will be holding a meeting with creditors on 12 November to vote on its proposed debt restructuring plan. "To avoid liquidity and allow the airlines to fly again, the only option for AirAsia X is to implement a debt restructuring proposal," AirAsia said in a 127-page document seen by Reuters, as reported by The Star. The document sent to its creditors showed half of the total liabilities were the cost of canceling aircraft bookings from its largest creditor, Airbus SE, involving 78 A330neo large aircraft and 30 small-sized A321neo aircraft. AirAsia X also suggested that if it earns more than RM300 million in annual income before interest, tax, depreciation, amortization, lease rentals and restructuring cost for the financial years between 2023 to 2026, all creditors except Airbus will be entitled to 20% of that income. Also according to the document, 0.5% of the debt will be paid to each creditor from the operating cash flow for a year after the debt restructuring measures are implemented. It's also been said that AirAsia is negotiating with 29 lessors of its aircraft and several other creditors on commercial terms to continue the business relationship in the future. "This gives the lessors the option to continue leasing the aircraft from AirAsia X on new terms or accept the termination of the lease and return the relevant aircraft." "Two lessors have stated that they want to terminate this lease," the airline said. The scheme aims to achieve sustainable debt and business restructuring and strengthen the group's financial position. AirAsia X requires consent from creditors who hold at least 75% of the total debt value to obtain consent for its proposal. The airline also plans to raise RM500 million after implementing debt restructuring measures through rights issues and share subscriptions. Air Asia is one of the few airlines in the Asia Pacific region that is in the process of debt restructuring to enable it to survive this pandemic. Other airlines looking into debt management and restructuring include Malaysia Airlines, Virgin Australia, Thai Airways, and Philippine Airlines. ✕ 使用 WhatsApp 联系 我们依据 PDPA 保护您的个人信息。 我同意 Carlist.my 的使用条款和隐私政策 我同意接收来自 Carlist.my 及其汽车销售商、业务附属机构和合作伙伴的个性化通信。 查看最佳汽车优惠! Prev Next 特价 - 马上拨电! 天 小时 平均市场价格 为什么没有价格? 有时经销商希望您以最优惠的价格联系。 I 为什么没有价格? 有时经销商希望您以最优惠的价格联系。 相关标签 AirAsia X AirAsia Debt Restructuring Malaysia Airlines Virgin Australia Thai Airways Philippine Airlines
AirAsia X 'repairs' seats with tape, blames spare parts shortage 所有资讯 Sep Irran Halid | February 22日, 2023 Imagine boarding an international AirAsia X flight and finding that the armrests on the economy seats have been fixed using vinyl tape. That was what ...
What Advice Will You Give A First Time Flyer - AirAsia Asks Twitter 所有资讯 Ferdinand | June 11日, 2022 AirAsia, @airasia asked its Twitter followers, What advice will you give a first time flyer? The response might not have been what the admins of the ...
MAVCOM Pantau Harga Tiket Domestik – Kekerapan Penerbangan Akan Ditambah 所有资讯 Muhammad Sharil Tarmize | October 04日, 2022 Suruhanjaya Penerbangan Malaysia (MAVCOM) sedang memantau harga tiket penerbangan domestik terutamanya laluan ekonomi sehala ke Sabah dan Sarawak ...
Too Many Useless T&C for AirAsia X 'Travel Vouchers' Compensation? 所有资讯 Sep Irran Halid | September 23日, 2022 It was back in June when AirAsia stated that they've 'paid back' almost all customers affected by flight cancellations during COVID-19 with travel ...