KUALA LUMPUR (Jan 14): Most of AirAsia X Bhd s (AAX) lessors support a restructuring plan, and the Malaysian airline has received interest from potential investors for fundraising after reorganization, court documents filed this month show.
In emails attached to the court filings, supportive lessors said they wanted to continue discussions with the budget airline and potential new investors, seeking more equitable terms and new commercial arrangements.
The affidavits come after more than a dozen creditors filed to intervene with its proposed court-supervised restructuring, with lessor BOC Aviation Ltd and airport operator Malaysia Airports Holdings Bhd arguing that AAX is hopelessly insolvent .
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Kumpulan Wang Persaraan (Diperbadankan)
Former Lembaga Tabung Angkatan Tentera (LTAT) chief executive Nik Amlizan, 51, was tasked in 2019 with moving the organisation beyond the financial mismanagement and irregularities that it had been embroiled in. In October 201, she took over the reins from Tan Sri Lodin Wok Kamaruddin, who had stepped down in the wake of the scandal.
Nik Amlizan is the first woman to helm the armed forces pension fund. She moved quickly to get LTAT back on track, putting in place a five-year strategic plan, along with Haniz Nazlan, who had joined the organisation in August 2019 in the newly created role of chief investment officer (CIO). Haniz told The Edge in a June interview that LTAT had lined up more than 30 investment-related initiatives for 2020 alone, which involved establishing the right framework and detailed investment plans, as well as enhancing existing policies and processes to guide the long-term transformation journey towards becoming a world-c
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KUALA LUMPUR (Reuters) - Most of AirAsia X Bhd’s (AAX) lessors support a restructuring plan, and the Malaysian airline has received interest from potential investors for fundraising after reorganization, court documents filed this month show.
FILE PHOTO: An AirAsia X Airbus A340 passenger jet arrives on its inaugural flight from Kuala Lumpur to Paris Orly Airport in this February 14, 2011 file photo. REUTERS/Charles Platiau
In emails attached to the court filings, supportive lessors said they wanted to continue discussions with the budget airline and potential new investors, seeking more equitable terms and new commercial arrangements.
The affidavits come after more than a dozen creditors filed to intervene with its proposed court-supervised restructuring, with lessor BOC Aviation Ltd and airport operator Malaysia Airports Holdings Bhd arguing that AAX is “hopelessly insolvent”.