Business
AirAsia X Cutting Indonesia Arm – Simple Flying
Embattled Asian low-cost airline AirAsia X is verging on the brink of collapse and is shutting down its…
Embattled Asian low-cost airline AirAsia X is verging on the brink of collapse and is shutting down its Indonesian arm in an attempt to cut costs and save the wider business. AirAsia X needs more than US$100 million to avoid liquidation. But the question is, from whom or where is that money going to come from?
It’s the end of the road for Indonesia AirAsia. Photo: Getty Images
We have run out of money, AirAsia X deputy chairman Lim Kian Onn told Malaysian media outlets on the weekend.
Obviou…
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