{"id":379128,"date":"2020-10-19T08:36:27","date_gmt":"2020-10-19T03:06:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=379128"},"modified":"2020-10-19T09:17:47","modified_gmt":"2020-10-19T03:47:47","slug":"budget-airline-airasia-x-out-of-money-needs-120-mn-for-restart-report-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/budget-airline-airasia-x-out-of-money-needs-120-mn-for-restart-report-2\/","title":{"rendered":"Budget airline AirAsia X out of money, needs $120 mn for restart: Report"},"content":{"rendered":"<p>Long-haul, low-cost carrier AirAsia X Bhd has run out of money and needs to raise up to 500 million ringgit ($120.60 million) to restart the airline, deputy chairman Lim Kian Onn said in a newspaper interview published on Saturday. <\/p>\n<p>The Malaysian airline, the long-haul arm of AirAsia Group Bhd , said this month it wanted to restructure 63.5 billion ringgit ($15.32 billion) of debt and slash its share capital by 90% to continue as a going concern. <\/p>\n<p>&#8220;We have run out of money,&#8221; Lim told The Star newspaper. &#8220;Obviously, banks will not finance the company without shareholders, both old and new, putting in fresh equity. So, a prerequisite is fresh equity.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Long-haul, low-cost carrier AirAsia X Bhd has run out of money and needs to raise up to 500 million ringgit ($120.60 million) to restart the airline, deputy chairman Lim Kian Onn said in a newspaper interview published on Saturday. The Malaysian airline, the long-haul arm of AirAsia Group Bhd , said this month it wanted to restructure 63.5 billion ringgit ($15.32 billion) of debt and slash its share capital by 90% to continue as a going concern. &#8220;We have run out of money,&#8221; Lim told The Star newspaper. &#8220;Obviously, banks will not finance the company without shareholders, both old and [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-379128","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=379128"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379128\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=379128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=379128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=379128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}