Following AirAsia X’s announcement yesterday that it is embarking on a restructuring in order to save the airline, shares in the Kuala Lumpur-traded stock fell 10% today. Reacting to the news, analysts said that the success of the restructuring plan would depend on how creditors value its asset portfolio and how much equity the company can raise. As of June 30, AirAsia group’s unaudited current liabilities of RM3.38bn were more than double its unaudited current assets of RM1.39bn.  

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