Posted by Irisoren07 > 2021-01-14 21:21 | Report Abuse

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".

Posted by Irisoren07 > 2021-01-14 21:21 | Report Abuse

Planemaker Airbus SE also filed an affidavit last month saying it could lose more than US$5 billion worth of aircraft orders if the low-cost, long-haul carrier proceeded with the plan.

AAX's senior legal counsel, Shereen Ee, said in court documents seen by Reuters that 15 out of 20 aircraft lessors were not in favour of AAX liquidating, and three other interveners — Airbus, Rolls-Royce Group and BNP Paribas — were "not objecting" to the restructuring plan.

Lessors in favour of a restructuring include Macquarie Aircraft Leasing Services and Aircastle, according to the documents. Rolls-Royce, Macquarie Aircraft Leasing Services and Aircastle did not immediately respond to requests for comment.

An Airbus spokesman declined to comment, saying that the company was continuing discussions but that the details are confidential. AAX also declined to comment.

BNP Paribas — which is a trustee acting on creditors' instructions — declined to comment.

Aircastle Asia Pacific executive vice-president Nigel Harwood told AAX in an email that his firm was not seeking liquidation of the airline, according to the court filings.

"We look forward to working with you to arrive at a revised commercial arrangements once we understand your future business plan with the introduction of new investors," he said.

Macquarie's email said it was willing to support a recapitalised AAX and make a restructured lease agreement on condition that the airline has a detailed business plan, credible third-party investors and that lessors have a meaningful say, according to the filings.

AAX said it had received 10 letters from Malaysian and Singaporean corporations and high net worth individuals indicating interest to participate in its proposed fundraising exercise, according to an affidavit.

The 10 includes Tune Group Sdn Bhd, owned by AirAsia Group Bhd co-founders Tan Sri Tony Fernandes and Datuk Kamarudin Meranun. Tune is the largest AAX shareholder, with a 17.83% stake.

AAX said it also received interest from a public-listed financial group and the subsidiary of another, both preferring to be unnamed.

AAX, an affiliate of AirAsia Group, last month said it planned to raise up to RM200 million by issuing shares to new investors after its debt restructuring.

The airline is seeking to restructure RM64.15 billion of debt. Its accrued debt amounts to RM2.24 billion, without taking into consideration contingent debts such as its large aircraft order book with Airbus.

Some lessors have argued the Airbus orders should be excluded. However, AAX said the contingent debts must be dealt with and will be reduced by the re-negotiated leases and other commercial contracts.

AAX estimated that lessors that continue with the airline post-restructuring would be able to recover approximately 44-66% of their lease rental loss under new agreements.

Posted by Irisoren07 > 2021-01-14 21:23 | Report Abuse

Airasia is too big too fall. Many organisations are invested in its long term plans

Posted by Irisoren07 > 2021-01-14 21:24 | Report Abuse

To*

Posted by Irisoren07 > 2021-01-14 21:29 | Report Abuse

Survival until june is guaranteed. I really pity u if u cut loss/panic sell. Buy low and play contra if u want, but no need to cut loss.

Posted by ykyew11 > 2021-01-14 21:35 | Report Abuse

Seems like we will be getting the Oxford vaccine in March as well.

Posted by MoneyMakers > 2021-01-14 21:57 | Report Abuse

Vaccine is certainty..Just waiting 4 good news from UK, average cases starting to drop

Posted by samo50sg > 2021-01-14 22:14 | Report Abuse

Wah.. If don survive then old uncle me like me have to go this red academy learn google find job for part time.
AirAsia Digital and Google Launch Redbeat Academy

Posted by MoneyMakers > 2021-01-14 22:15 | Report Abuse

Israel alrdy vaccinate 20%++ population & recorded very low cases @ 4K only vs usual 8k-9K daily..see if can maintain improvement

Posted by samo50sg > 2021-01-14 22:51 | Report Abuse

UAE and Bahrain ranked 2 and 3.

Posted by Irisoren07 > 2021-01-14 23:12 | Report Abuse

Haha dont la uncle samo. If u think cut loss is best for u then cut loss la. Ur money. No buy/sell call

Posted by NewbieCK > 2021-01-15 07:43 | Report Abuse

https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20210114.pdf

Posted by strattegist > 2021-01-15 09:24 | Report Abuse

steady

Posted by Steady Punpipi > 2021-01-15 09:45 | Report Abuse

Sharks today trap ikan billis 0.755-0.760

Posted by ykyew11 > 2021-01-15 09:48 | Report Abuse

It's literally the first 17 minutes and you say trap, what the heck lol

Posted by Steady Punpipi > 2021-01-15 09:52 | Report Abuse

It will go lower than 0.760 at closing ....if I m right you better dont appear in this forum k ykyew11..if I m wrong same rules ...dare to challenge ?

Posted by ruby92 > 2021-01-15 10:01 | Report Abuse

so funny steady punpipi, now challenging people hahaha. relax it's a long game

Posted by Steady Punpipi > 2021-01-15 10:02 | Report Abuse

Annoying ppl in this forum sial ....keeps attacking my comments

Posted by ykyew11 > 2021-01-15 10:04 | Report Abuse

He is salty that he cut loss at JAKS, that's why he is coming here to trash talk to throw his frustrations. Btw I bought this counter at RM0.62 so I am not worried at all since I am in for the long term.

Posted by Steady Punpipi > 2021-01-15 10:24 | Report Abuse

Cut loss at Jaks but made back from Boustead !!! woo hoo

Posted by Steady Punpipi > 2021-01-15 10:45 | Report Abuse

Airlines face more turbulence before vaccine relief
JAN 15, 2021 7:25 AM PHT

Posted by Steady Punpipi > 2021-01-15 10:51 | Report Abuse

Norwegian Air scraps long-haul flights, ditches Gatwick base and cuts 2,000 staff in bid for survival

Posted by MoneyMakers > 2021-01-15 10:51 | Report Abuse

Punpipi is panic seller type no wonder talk soo much..keep cool/chillex, hold long term sure winner..no need bother daily fluctuations, will just get eaten by sharks having bigger funds/experience/resources

Posted by Steady Punpipi > 2021-01-15 10:56 | Report Abuse

Airlines investigated over lockdown refund cases

Posted by Kingofcash888 > 2021-01-15 11:15 | Report Abuse

Few more week will drop back 0.700 i can feel is coming.

Posted by Kingofcash888 > 2021-01-15 11:16 | Report Abuse

what you guys thought of this izit possible? or even lower than 0.7

Posted by JohanPertama > 2021-01-15 11:19 | Report Abuse

https://www.thestar.com.my/news/nation/2021/01/15/kj-vaccinations-in-third-quarter

still going to be awhile before AA takes profits....

Posted by Kingofcash888 > 2021-01-15 11:22 | Report Abuse

ya after takes profits will crash i think maybe cuz i can see a lot of resistance at price 0.80

Posted by strattegist > 2021-01-15 11:42 | Report Abuse

steady

Posted by ruby92 > 2021-01-15 11:54 | Report Abuse

talk about annoying, you are most annoying here steady punpipi. go away if you didn't even invest in this counter

Posted by Kingofcash888 > 2021-01-15 12:03 | Report Abuse

ruby 92 calm down we will win for long term broo.

Posted by ruby92 > 2021-01-15 12:25 | Report Abuse

haha okay relax2 calm down

Posted by samo50sg > 2021-01-15 12:34 | Report Abuse

https://centreforaviation.com/news/airasia-group-moving-towards-being-a-digital-airline-1047413

Posted by samo50sg > 2021-01-15 12:35 | Report Abuse

https://www.reuters.com/article/us-airasiax-lawsuit-exclusive/exclusive-airasia-x-shows-court-creditors-support-for-restructuring-plan-idUSKBN29J0X6

Posted by strattegist > 2021-01-15 12:51 | Report Abuse

cool

Posted by Steady Punpipi > 2021-01-15 13:01 | Report Abuse

Sold all at 0.780 yesterday now still holding lots of cash ...supposing to buy Q at 0.750 but bcoz of annoying ppl decided to cancel.my Buy Q ....nothing can stop this crash landing ...still think it's price overvalued during MCO period ....maybe extended another 2 months likely

Posted by Steady Punpipi > 2021-01-15 13:01 | Report Abuse

Hold on at higher price ...pls dun sell high ...sell low later ...annoying ppl

Posted by Steady Punpipi > 2021-01-15 13:05 | Report Abuse

Ppl who sold yesterday at 0.78 -0.785no need to thank me ya...lolzzz..to those dreamers hoping for a rebound pls continue to hold tight tight ya ...die die also dun sell let sharks sell first ya. Better sleep with AA shares too since you ppl dun mind to catch a falling knives ..

Posted by Kingofcash888 > 2021-01-15 13:22 | Report Abuse

steady punpipi soon will crash at 0.6 hold tight i gonna buy 200k of share :)

Posted by jessymna > 2021-01-15 13:35 | Report Abuse

Less passenger volume nvm & though outlook for AA being cautious but it could still carrying payload using planes. AirAsia is converting a lot of aircraft into cargo planes to supplement the passenger business. Logistic will be big winner in 2021 so stay invested

Posted by Kingofcash888 > 2021-01-15 13:52 | Report Abuse

jessymna i know is a big win in 2021 but i feel after hit 0.60-0.65 then rebound most likely to say this way so prepare for cash for this chance cant be lower .

Posted by ruby92 > 2021-01-15 14:12 | Report Abuse

relax calm down

Posted by ruby92 > 2021-01-15 14:13 | Report Abuse

haha steady punpipi really annoying

Posted by Kingofcash888 > 2021-01-15 14:20 | Report Abuse

people who steady quiet always win , and people keep complaint and annoying alwasy losing.

Posted by EatCoconutCanWin > 2021-01-15 14:26 | Report Abuse

buy in is the best way to do donation

Posted by Steady Punpipi > 2021-01-15 14:47 | Report Abuse

Annoying or Best Addvice offered next week the truth will prevail ...will repost again

Posted by Steady Punpipi > 2021-01-15 14:48 | Report Abuse

Those promoter here could be sharks eating ikan billis ....the truth next week !

Posted by strattegist > 2021-01-15 14:52 | Report Abuse

relax

Posted by Consultant > 2021-01-15 15:05 | Report Abuse

Will go down la.. shark is coming... Give u some green hope.. then red all the way

Posted by MoneyMakers > 2021-01-15 15:10 | Report Abuse

Uk vaccinate 2Mil per week..US 1Mil daily..66 Mil (mostly high risk group) prev infected & recovered alrdy have partial immunity

Covid will eventually just be normal flu once all high risk group vaccinated