Posted by Asia88 > 2021-11-11 14:06 | Report Abuse

Anyone went to the creditors meeting?

Posted by stocksensei > 2021-11-11 15:39 | Report Abuse

Tomorrow right ?

Posted by Alexander78 > 2021-11-12 10:53 | Report Abuse

creditor meeting start?

Posted by sinkalan2015 > 2021-11-12 11:48 | Report Abuse

Don't worry about the meeting. They have got the approved fund already and once border reopen, they will recover in a year or two. The meeting is just to buy time. No one would agree with the 0.5% playback proposal.

Posted by Alexander78 > 2021-11-12 11:55 | Report Abuse

Class A approved 100 percent..waiting class B & C .... :)

Posted by pzk6891 > 2021-11-12 11:56 | Report Abuse

https://www.bloomberg.com/news/articles/2021-11-12/airasia-x-said-to-receive-more-than-90-support-from-creditors

Posted by Alexander78 > 2021-11-12 12:03 | Report Abuse

https://www.businesstimes.com.sg/companies-markets/airasia-x-receives-over-90-support-from-creditors-for-debt-restructure-source

Posted by zhen wei & JP > 2021-11-12 12:23 | Report Abuse

Creditors approved. Lucky AAX

Posted by Sslee > 2021-11-12 12:50 | Report Abuse

OTHERS AIRASIA X BERHAD ("AAX" OR THE "COMPANY") OUTCOME OF COURT CONVENED MEETINGS OF SCHEME CREDITORS
AIRASIA X BERHAD

Type Announcement
Subject OTHERS
Description AIRASIA X BERHAD ("AAX" OR THE "COMPANY")

OUTCOME OF COURT CONVENED MEETINGS OF SCHEME CREDITORS
(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcements dated 6 October 2020, 14 December 2020 and 18 October 2021, where applicable, unless stated otherwise or defined herein.)



We refer to the announcement dated 18 October 2021 in relation to the notice of the CCM for the Proposed Debt Restructuring involving the Scheme Creditors.



On behalf of the Board of Directors of AAX, Mercury Securities Sdn Bhd wishes to announce that the CCM for Class A Creditors has concluded and the Proposed Debt Restructuring has been approved by 100% of the Class A Creditors present and voting either in person or by proxy at the said CCM.



For the avoidance of doubt, the Proposed Debt Restructuring is only approved if the requisite majority of 75% of Class B Creditors and Class C Creditor also approve the same at their respective CCMs. Further announcements will be made once the CCMs for Class B Creditors and Class C Creditor have been concluded.







This announcement is dated 12 November 2021. a comment..

Posted by planta > 2021-11-12 12:59 | Report Abuse

I will not approve!!!

Posted by Asia88 > 2021-11-12 13:05 | Report Abuse

If airasia x collapse, say bye bye to cheap fares to go overseas.

Posted by DickyMee > 2021-11-12 13:07 | Report Abuse

Passengers owed money can or cannot vote?


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)

Aircraft manufacturer Airbus Group (Class C)

Posted by Sslee > 2021-11-12 13:18 | Report Abuse

Airport operator Malaysia Airports Holdings Bhd and financial institutions (Class A)
So proven if you owe million then landlord and financial institution will sue you till bankrupt.
But when you owe multi billion then landlord and financial institution will accept 0.5% as final settlement?????

Posted by Killsthebear > 2021-11-12 13:49 | Report Abuse

@DickyMee

passengers Class B creditor

Posted by Alexander78 > 2021-11-12 14:25 | Report Abuse

class B approved ..just waiting class C only .... :) then flyyyyyy

Posted by Stockhunter88 > 2021-11-12 14:31 | Report Abuse

Continue to goreng a PN17 company

Posted by sinkalan2015 > 2021-11-12 14:38 | Report Abuse

Even if class B and C disapproved, they have already achieved 70% vote

Posted by sinkalan2015 > 2021-11-12 14:38 | Report Abuse

Congrats AAX

Posted by Alexander78 > 2021-11-12 14:49 | Report Abuse

https://www.theedgemarkets.com/article/class-b-creditors-back-airasia-xs-rm635b-debt-restructuring-plan-one-more-creditors-meeting

Posted by Flyingwithwings > 2021-11-12 15:01 | Report Abuse

I love on how all the negative people who keep saying people going to lose money suddenly all disappear here <3

Posted by Julia Kueh > 2021-11-12 15:02 | Report Abuse

I love aax :)

Posted by Alexander78 > 2021-11-12 15:07 | Report Abuse

kakakakakakak!!!!

Posted by Alexander78 > 2021-11-12 15:08 | Report Abuse

hoping at least close more 0.10 today :)

Posted by Flyingwithwings > 2021-11-12 15:11 | Report Abuse

well, more people sell cheap, more gaining for us <3

Posted by Alexander78 > 2021-11-12 15:19 | Report Abuse

https://www.theedgemarkets.com/article/class-b-creditors-back-airasia-xs-rm635b-debt-restructuring-plan-one-more-creditors-meeting

Posted by Alexander78 > 2021-11-12 15:19 | Report Abuse

will be fly to moon.....:)

Posted by harman172737 > 2021-11-12 15:29 | Report Abuse

Yes...AAX, please fly higher.

Posted by Alexander78 > 2021-11-12 15:53 | Report Abuse

Class C approved 100 percent :)

Posted by Alexander78 > 2021-11-12 15:53 | Report Abuse

yeahhhhhhhh!!!!

Posted by johannlo > 2021-11-12 16:06 | Report Abuse

https://www.marketscreener.com/quote/stock/AIRASIA-GROUP-BERHAD-6497323/news/AirAsia-X-wins-near-unanimous-creditors-support-for-a-far-reaching-comprehensive-reset-Zero-gearin-36995250/

all approved

Posted by Alexander78 > 2021-11-12 16:17 | Report Abuse

https://www.flightglobal.com/strategy/airasia-x-secures-creditor-approval-for-debt-restructuring/146356.article

Posted by Flyingwithwings > 2021-11-12 16:18 | Report Abuse

high risk great return, cograts guys :D

Posted by Understand > 2021-11-12 16:34 | Report Abuse

Cheap sale over

Posted by Legend > 2021-11-12 17:02 | Report Abuse

Selamat bercuti...

Posted by HamsterHuat > 2021-11-12 19:17 | Report Abuse

fuyoooo
AAX will surely Soar higher than the Sky....

Debt restructuring approved..

AAX will rock and roll....

Posted by nokia8250 > 2021-11-12 20:32 | Report Abuse

There goes someone who wrote a very long story about how AAX is end game and telling me that his analysis was logic, while I asked how is that logic and he concluded I don't feel he is logical only because I have vested interest. It went from 0.04 to 0.08.

Posted by Sslee > 2021-11-12 22:25 | Report Abuse

https://klse.i3investor.com/blogs/Sslee_blog/2021-11-12-story-h1593811488-AAX_Creditors_Can_AAX_treating_its_customers_as_creditors_and_repay_the.jsp
AAX Creditors: Can AAX treating its customers as creditors and repay them only 0.5 sen for every ringgit paid

Posted by HamsterHuat > 2021-11-13 11:18 | Report Abuse

AAX rock and Blady Tony get to keep his Tesla.
hahahaha

Posted by xxxx > 2021-11-13 20:48 | Report Abuse

Hahaha, I did not sell at 4 sen.

Posted by shpg22 > 2021-11-13 22:06 | Report Abuse

Better return all the passenger money or we ll f u upside down

Posted by HamsterHuat > 2021-11-14 09:10 | Report Abuse

The only way to screw Tony A.s.s is by taking competitor flight....
Can we all kucing pipit can afford bor,

Tony will just laugh and upgrade his Tesla car.

Posted by Sslee > 2021-11-14 10:06 | Report Abuse

https://klse.i3investor.com/blogs/savemalaysia/2021-11-13-story-h1593815364-Join_politics_if_you_want_to_swindle_people_s_money_miffed_netizens_tel.jsp

Yesterday, MAVCOM called on AirAsia X to reassess its proposal to treat its customers as creditors and urged the airliner to provide refunds to them.

“If AAX fails to reimburse the affected air travel consumers accordingly, MAVCOM will not hesitate to exercise its powers under the Malaysian Aviation Commission Act 2015 (Act 771),” the civil aviation regulator said in a statement.

Will MAVCOM really act?

However, several users were not confident that MAVCOM will act decisively against Air Asia X, citing their personal experience with the agency.

However, user Syed Ahmad Syed Tahir told MAVCOM not to drag its feet on the matter and impose a deadline on AirAsia X.

“Warning is not enough. Give them deadline to refund or else take action to justify you as regulator!” the user demanded. – Nov 13, 2021

Posted by Sslee > 2021-11-14 10:26 | Report Abuse

And by the way, I will be taking competitor flight.

Posted by Ppmaster > 2021-11-14 11:41 | Report Abuse

Wow debtor agree with debt 30b+ jus pay 200m, but the share will consolidate 10 into 1, all retail investor burn also but better than delisted

Posted by HamsterHuat > 2021-11-14 11:49 | Report Abuse

MAVCOM no b.a.l.l.s to act lah
NATO as always.

Posted by warchest > 2021-11-14 13:36 | Report Abuse

Good news for AAX. Even without Covid, AAX is a dead fish. Covid is just a last nail in the coffin. With this restructuring, AAX can reset its operations, cost structure and strategies as well as cleaning its balance sheet

Posted by Backupfail > 2021-11-14 16:02 | Report Abuse

This company Credit and reputation nearly bankrupt lo, who dare to deal business again? Debtor don’t want lost all only, but must payback when company have earning profit, I interested know how about consumer purchase packages? Have refund?

Posted by HamsterHuat > 2021-11-14 19:14 | Report Abuse

Salted Fish ALIVE again..
Hail AAX to do the revival stunt.

With new reset.....AAX will be running lean ...mean and profitable soon.

My respect to Tony and his Tesla...
hahaha.
As for consumer package....tak suka...also cannot do anything.

Posted by spammerx > 2021-11-15 09:34 | Report Abuse

sure no refund... keep dreaming who got stuck

Posted by Asia88 > 2021-11-15 14:42 | Report Abuse

time to reset and ready to fly again.