AirAsia X submits application to exit PN17 status | The Malaysian Insight

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AirAsia X submits application to exit PN17 status

AirAsia X Bhd s seeking a relief from Bursa Malaysia Securities Bhd to exempt the airline from the requirement to submit a proposed regularisation plan and the upliftment from being classified as a PN17 affected listed issuer. – The Malaysian Insight file pic, July 21, 2023.

AIRASIA X Bhd is seeking a relief from Bursa Malaysia Securities Bhd to exempt the airline from the requirement to submit a proposed regularisation plan and the upliftment from being classified as a Practice Note 17 affected listed issuer. From the onset of triggering suspended criteria under PN17 from July 30, 2020, AAX said it has undertaken a broad range of measures and corporate exercises to improve its financial position.

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