Airbus May Lose More Than Usd 5 Billion Due To Airasia X Restructuring Scheme
Aside from disgruntled passengers, AAX is also facing challenges from a long list of creditors who are seeking their stake in the airline’s restructuring process. One such creditor is Airbus who said it may lose more than USD 5 billion (~RM 20.3 billion) if the airline’s restructuring proposal is given the approval. Under the proposal, all AAX’s Airbus aircraft orders will be eliminated. Citing a court document, Reuters reported that Airbus has already completed or “substantially built” seven A330neo for the airline with another 71 waiting in the line....