KUALA LUMPUR (Oct 18): In a crucial step to determine its future, AirAsia X Bhd (AAX), the low-cost long-haul affiliate of AirAsia Group Bhd, will hold a meeting with scheme creditors on Nov 12 to vote on its proposed plan to restructure RM63.5 billion of debt.
In its explanatory statement and notice of the court convened meetings to scheme creditors dated Oct 18 seen by theedgemarkets.com, the financially troubled carrier is expected to hold separate meetings for the three classes of creditors — comprising creditors that have security over the assets of AAX including airport operator Malaysia Airports Holdings Bhd and financial institutions (Class A), creditors that have unsecured claims against AAX including engine suppliers and aircraft lessors (Class B) and aircraft manufacturer Airbus Group (Class C) — on the same day.
Under its debt restructuring plan, the carrier is aiming to reconstitute RM63.5 billion of its debt into an acknowledgement of indebtedness for a principal amount of up to RM200 million by shaving off 99.9% of its issued share capital, as well as a proposed share consolidation of every 10 existing shares in AAX into one share.
KUALA LUMPUR (Oct 18): AirAsia X Bhd (AAX) is proposing to pay just 0.5% of debt owed to each of its creditors and to terminate all existing contracts so that it can restructure 33.65 billion ringgit ($8.1 billion) of liabilities, a document seen by Reuters shows.
The Malaysian low-cost long-haul airline, a sister carrier to AirAsia Group Bhd, on Monday told the stock exchange it had set a date of Nov. 12 for creditor meetings to vote on the restructuring proposal.
Wonder what will happen to those still no refund from AAX for flight cancellation? Are they considered as secured creditors? Or are they going to get only 0.5% of refund owed to them? Note: latest quarter AAX slales in advance : RM 508,347,000
paktua decided to throw more from 1.19-1.18 after see black cloud grow bigger n bigger.. not good to hold huge right now..
now balance share left only 10k unit averge at 1.10.. and set next phases to reload 1st phase at rm1.06-1.03 2nd phase at 0.95-0.93.. final will wait for rescue exit option..
current F_U_C_K ratio of 99.9% is normal for Malaysian companies
I will propose to Tony to increase it to 100%.
=> anybody who banks in free money to Air Asia for plane tickets will get a free email showing free video of destination and get a free virtual travel instead. No money will be refunded at all.
Hopefully Tony will agree to my free reasonable Proposal
Sslee KUALA LUMPUR (Oct 18): In a crucial step to determine its future, AirAsia X Bhd (AAX), the low-cost long-haul affiliate of AirAsia Group Bhd, will hold a meeting with scheme creditors on Nov 12 to vote on its proposed plan to restructure RM63.5 billion of debt.
haha air1557.. yes or not.. now we can meet dine in.. comelaa meet paktua.. prove it paktua virtual trader /conman.. paktua love ti show you face to face.. remember if paktua got prove.. you also need to show your prove do trade.. come laa or set where n when..
paktua cabar lu from 2020 still bacul nak datang jumpa utk buktikan.. paktua penipu or real genaral swing player..
too all if not know who air1557.. ask him to meet face to face.. he just a virtual trade aka fake player..
until now.. he never dare except paktua challenge.. to meet to prove Paktua con man.. or real swing player!! ..
============== Stock: [HLT]: HLT GLOBAL BHD paktua73@hahaha morning air1557.. now almost 8 month still coward meet kaa if anyone want to know read below.. hahaha
see down his view.. until now still not dare meet paktua.. who real conman? Apr 12, 2021 8:39 AM | Report Abuse
======================== Stock: [NOTION]: NOTION VTEC BHD paktua73@paktua detect hair1557 is virtual aka fake player.. after track his data on paktua legion.. after that he very angry to paktua
tut tut dare take challenge.. Aug 14, 2020 1:44 PM | Report Abuse ===================
hahaha air1557 how are you.. to all if not know who air1557.. ask him to meet face to face.. he virtual trade aka fake player.. until now.. he never dare except paktua challenge.. to meet to prove Paktua con man.. or real red stock swing general..
tut tut paktua swing trader win or loss dare tell frankly.. never hiding.. and not virtual trader like air1557.
DickyMe mendaratkan kapalterbangnya, memandangkan cuaca buruk yang bakal melanda. Mengikut ramalan kaji cuaca AA, ribut petir bersama angin ribut dan hujan ais batu bakal berpanjangan sehingga pertengahan November.
Maka Dickyme masuk gua untuk bertapa selepas melepaskan pegangannya.
“Under an assumed liquidation scenario of AAX, the estimated recovery for the creditors of AAX is nil,” AAX warned in its explanatory statement.
For the 18-month financial period ended June 30, 2021, AAX had negative shareholders’ funds of RM31.53 billion and its current liabilities of RM32.65 billion exceeded current assets of RM0.39 billion by RM32.26 billion. Its accumulated losses stood at RM33.06 billion.
If you own any Airasia Shares in July 2021, you will hear that Airasia just announced a new Rights Issue. In a normal “Rights Issue” companies ask for more money from their shareholders in exchange for new shares in the company.
Question.Buy oct,not entitle new right issue ? What the ex date
hahaha, can you just write off the debt just like that? if you are creditors what will you think? ...hehee...now u see where the share price is heading
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
grabConUlar
109 posts
Posted by grabConUlar > 2021-10-18 11:48 | Report Abuse
i3lurker proved scenery right about his relation with con ular. hahaha
Posted by i3lurker > Oct 18, 2021 8:40 AM | Report Abuse
Ular
please be back early for dinner, fridge dun have any more salted fish and also out of wasabe sauce.
mum mum kiss kiss
dun wear underwear tonite ok?