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Air Asia X’s debt restructuring receives support from creditors

Bloomberg AirAsia X Bhd’s debt-restructuring proposal received more than 95% support from creditors in meetings as the debt-laden budget carrier tries to stay afloat. The airline received full support from two classes of creditors on its proposed debt restructuring and 97.6% from the third group, it said in separate statements to the Malaysian stock exchange. AirAsia X needed at least ...

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Boeing signals optimism on fixing 787, 737 Max issues

Bloomberg Boeing Co is on the verge of surmounting issues that have held back deliveries of its two most important aircraft, the 787 and the 737 Max, an executive said. The planemaker is “getting close” to restarting deliveries of the 787, Ihssane Mounir, senior vice president of commercial sales and marketing, said in Dubai ahead of an air show on ...

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Cathay says tighter crew curbs may hit supplies into Hong Kong

Bloomberg Cathay Pacific Airways Ltd expressed concern about a possible move by Hong Kong to rein in quarantine exemptions for aircrew operating cargo flights, saying it could reduce the number of available employees and disrupt the supply of goods moving in and out of the financial hub. The airline, Asia’s biggest cargo carrier, has been operating a full freighter schedule ...

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