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Airbus to lose over $5 billion in orders under AirAsia X's proposed rejig

Aircraft manufacturer Airbus SE said it stands to lose more than $5 billion worth of aircraft orders if AirAsia X Bhd's debt restructuring scheme goes through, court documents showed

Topics
Airbus | AirAsia X | Aviation industry

Reuters  |  KUALA LUMPUR 

By Liz Lee KUALA LUMPUR (Reuters) - Aircraft manufacturer Airbus SE said it stands to lose more than $5 billion worth of aircraft orders if AirAsia X Bhd's (AAX) debt restructuring scheme goes through, court documents showed, joining a dozen creditors that have challenged the Malaysian low-budget carrier's plan. Airbus's challenge comes as AAX defended its scheme from key lessor BOC Aviation Limited's (BOCA) allegations that it favoured Airbus and lacked a debt-to-equity swap offer for creditors. In a Dec. 16 affidavit filed at Kuala Lumpur High Court, ...

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First Published: Tue, December 22 2020. 12:08 IST
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