In a stock exchange filing, AirAsia X Bhd said, the Malaysian high court has granted it a nine-month extension on a restraining order preventing creditors from filing any legal proceedings against it.

Earlier this year in March, the Malaysian high court had granted a restraining order for three months, following the budget airline undergoing a restructuring of its $15.5 billion (64.15 billion ringgit) debt.

Earlier this month, AirAsia X’s shareholders approved its debt restructuring, allowing it to pursue a scheme it viewed as key to survival which includes a rights issue and a share subscription for new investors to raise 500 million ringgit.

($1 = 4.1390 ringgit)

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Tags: AirAsia X Bhd, complaint, creditors, debt restructuring, debt restructuring plan, extension, High Court, lawsuit, legal, legal proceedings, legality, Malaysia, Malaysian, new investors, restraining order, rights issue, share subscription, shareholders, stock exchange filing