Air Asia X Berhad (AAX) announced today that its application for the proposed relief and Practice Note 17 (PN17) upliftment was rejected.
In a Bursa filing today (Oct 19), the medium-haul low-cost carrier’s said Bursa Securities had, vide its letter dated Oct 18, 2023, rejected the airline’s application for proposed relief and PN17 upliftment.
“However, Bursa will grant AAX extension of time up to Jan 17, 2024 to submit its regularisation plan to the regulatory authorities.
“In this regard, AAX will consider all available options (including the possibility of an appeal) and announce the next course of action to be undertaken in due course,” it said.
On July 20, it was announced that AAX has filed a few applications including the proposed relief and PN17 upliftment.
