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An AirAsia X Airbus A330-300 (Photo: AirlineGeeks | Hisham Qadri)

Malaysia’s AirAsia X Approved for Restructuring Process

Malaysian low-cost carrier AirAsia X has been earned shareholder approval to go ahead with the debt restructuring process, which will allow the airline to pursue a plan that is viewed as essential for survival through the ongoing pandemic crisis. This comes as seemingly better news in light of the recent seventh-consecutive quarter loss it had reported just a few weeks ago. Shareholders of the long-haul subsidiary of the AirAsia Group had agreed upon a majority of the proposed solutions at…