AirAsia X no longer is listed as a troubled company on the Malaysian stock exchange. Bursa Malaysia lifted the so-called Practice Note 17 status as of today, which means that the low-cost, long-haul airline again fulfills all the requirements of a company in good financial health.
AirAsia X has been in PN17 for over two years since the start of the pandemic when it came to a standstill as travel restrictions prevented it from doing any meaningful operations. The carrier only restarted operations in Q2 2022. Since then, it has made a strong recovery and reported a profit again for the first time this Q2.
Active as a journalist since 1987, with a background in newspapers, magazines, and a regional news station, Richard has been covering commercial aviation on a freelance basis since late 2016.
Richard is contributing to AirInsight since December 2018. He also writes for Airliner World, Aviation News, Piloot & Vliegtuig, and Luchtvaartnieuws Magazine. Twitter: @rschuur_aero.
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