{"id":391029,"date":"2020-12-23T09:21:32","date_gmt":"2020-12-23T03:51:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=391029"},"modified":"2020-12-23T10:30:10","modified_gmt":"2020-12-23T05:00:10","slug":"airbus-to-lose-over-5-billion-in-orders-under-airasia-xs-proposed-restructuring","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/airbus-to-lose-over-5-billion-in-orders-under-airasia-xs-proposed-restructuring\/","title":{"rendered":"Airbus to lose over $5 billion in orders under AirAsia X&#8217;s proposed restructuring"},"content":{"rendered":"<p>Aircraft manufacturer Airbus SE said it stands to lose more than $5 billion worth of aircraft orders if AirAsia X Bhd&#8217;s (AAX) debt restructuring scheme goes through, court documents showed, joining a dozen creditors that have challenged the Malaysian low-budget carrier&#8217;s plan.<\/p>\n<p>Airbus&#8217;s challenge comes as AAX defended its scheme from key lessor BOC Aviation Limited&#8217;s (BOCA) allegations that it favoured Airbus and lacked a debt-to-equity swap offer for creditors.<\/p>\n<p>In a December 16 affidavit filed at Kuala Lumpur High Court, Asia-Pacific Head of Region Anand Emmanuel Stanley said there was a strong possibility Airbus &#8220;will suffer substantial losses and prejudice&#8221; from termination of purchase agreements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aircraft manufacturer Airbus SE said it stands to lose more than $5 billion worth of aircraft orders if AirAsia X Bhd&#8217;s (AAX) debt restructuring scheme goes through, court documents showed, joining a dozen creditors that have challenged the Malaysian low-budget carrier&#8217;s plan. Airbus&#8217;s challenge comes as AAX defended its scheme from key lessor BOC Aviation Limited&#8217;s (BOCA) allegations that it favoured Airbus and lacked a debt-to-equity swap offer for creditors. In a December 16 affidavit filed at Kuala Lumpur High Court, Asia-Pacific Head of Region Anand Emmanuel Stanley said there was a strong possibility Airbus &#8220;will suffer substantial losses 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":[176,146,130],"tags":[],"class_list":["post-391029","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/391029","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=391029"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/391029\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=391029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=391029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=391029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}