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Malaysian budget carrier AirAsia X will exit the financially distressed status imposed by its main stock exchange during the global pandemic, after a run of profitable quarters restored the long-haul airline to financial health.
The change takes effect Nov. 22, according to a filing late Tuesday on Malaysia’s bourse. AirAsia X was assigned distressed status, known formally as Practice Note 17, in October 2021 after lockdowns and the Covid-19 crisis hammered its finances.
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