© Reuters. FILE PHOTO: Tail of AirAsia X airplane as seen on the Garuda Upkeep Facility AeroAsia in Tangerang, Indonesia, September 20, 2017. REUTERS/Beawiharta/File Picture
KUALA LUMPUR (Reuters) – The Malaysian excessive courtroom 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 stated in a inventory trade submitting.
The submitting on Thursday stated the extension runs 9 months from the day of the announcement.
The courtroom 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 permitted its debt restructuring, permitting it to pursue a scheme it considered as key to survival which features a rights challenge and a share subscription for brand new buyers to boost 500 million ringgit.
($1 = 4.1390 ringgit)
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