AirAsia Group carriers are seeking cash and eyeing tough restructuring measures as they grapple with the effects of the Covid <a href=https://www.stanley-cups.de>stanley becher</a> -19 pandemic.The groups low-cost long-haul arm, AirAsia X has run out of money and needs fresh capital, newly appointed de <a href=https://www.stanley-cup.com.de>stanley shop</a> puty chairman Lim Kian Onn told Malaysian paper The Star in an interview published October 17.Source: Greg Waldron/FlightGlobalAn AirAsia A320 at Langkawi in March 2019 We looked at the business plan and calculated that we need up to MYR500 million $120 million to jumpstart the airline. We had to make certain assumptions on how Covid-19 will pan out. In this case, we made the conservative assumption that it will be a slow recovery to normalcy, he told the paper.He says the airline is not assuming it will get government help.AirAsia X announced on Oct 6 plans to restructure debt and cut aircraft from its fleet as part of a major overhaul to deal with the downturn.Talks are ongoing with credit <a href=https://www.stanley-cup.com.de>stanley cup becher</a> ors, including Airbus and Rolls Royce, Lim said. We have been talking to them for two months. All of them are understandably upset. We put our hands up and say we are guilty. We owe you money. I would be aggrieved if I were them. Lim added that AirAsia X was shutting its Indonesia operations and had written down its stake in its Thai arm. We are liquidating Indonesia. The planes are back with us, he stated.Among other affiliates, AirAsia Japan ceased operations on 5 October and according to local reports, AirAsia Group is no longer providing Niab Bolivia arrests DGAC official and LAMIA Bolivia CEO
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