AirAsia X is offering all creditors just 0.5% of its USD8bn debt. Included in this deal are all the passengers who have made advanced payments for flights not taken due to Covid 19. Pankaj C. Kumar, a business columnist tells us if passengers should rank pari passu with other creditors or should there be an alternative option.

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Produced by: Wong Shou Ning

Presented by: Wong Shou Ning, Philip See

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Categories:  Business Analysis,  Trends and Forecasts,  Markets,  Personal Finance,  Investments,  Financial Literacy,  Young Finance,  Auto,  Politics,  law & legal matters

Tags:  AirAsia,  AirAsia X,  debt,  restructure,  creditor,  refund,  travel,  credit,  cash,  Tony Fernandes,