AIRASIA X BERHAD ("AAX" OR THE "COMPANY")
CLARIFICATION ON ARTICLE TITLED, "WITH CREDITOR TALKS PROGRESS, MALAYSIA'S AIRASIA X EYES END-OCT MEETS"
Reference is made to the Article titled, "With creditor talks progress, Malaysia's AirAsia X eyes end-Oct meets" dated 17 September 2021 which was published by Thomson Reuters.
The Company wishes to clarify that whilst good progress has been made on substantial issues with lessors, Airbus, Rolls-Royce and service providers, final negotiations are still ongoing, particularly with respect to commercial arrangements going forward.
The Company hopes to be able to hold the creditors’ meeting by the end of October 2021.
This announcement is dated 17 September 2021.