AirAsia X gets leave from court to hold meetings with creditors
KUALA LUMPUR (Feb 19): The High Court here today granted leave for budget airline AirAsia X Bhd (AAX) to hold meetings with its creditors. The court has also separated the 14 creditors into three different classifications — the first being Malaysia Airports Holdings Bhd (MAHB), the second consists of the other creditors, and the third being aircraft maker Airbus. The decision today was made by Judicial Commissioner Ong Chee Kwan via video proceedings. In his decision, Ong surmised that the case does not involve ‘proprietary claims’ of the creditors nor does it involve alteration of the ...
Source: theedgemarkets.com