Malaysia's AirAsia X says it continuously explores debt refinancing opportunities
Deputy group chief executive officer of AirAsia, Farouk Kamal, poses for a photo after an interview with Reuters at Sepang, Malaysia, Jan 21, 2026.
PHOTO: Reuters
Malaysia's AirAsia X on Friday (Jan 23) said that it "continuously explores" options to refinance about US$600 million (S$763 million) in debt, after a Reuters report said the budget carrier was preparing a restructuring.
Reuters reported earlier that AirAsia X was targeting a debt restructuring following its planned acquisition of the short-haul aviation business of Capital A, citing Deputy Group CEO Farouk Kamal.
The carrier said it will announce any developments related to these internal targets as needed.
AirAsia X said the revenue and EBITDA targets mentioned in the Reuters article were on a combined basis, covering its long-haul aviation business and AirAsia Aviation's short-haul aviation business.
Reuters reported that the budget airline was targeting near-term revenue approaching US$6 billion and an EBITDA margin of 20 per cent.
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