Problem
AirAsia X-the long-haul subsidiary of Malaysian tycoons Tony Em and Kamarudin m Capital A-has completed its debt restructuring, paving the way for the airline to reverse 33 billion ringgit ($19 billion) in provisions previously set aside for these liabilities."This is another significant step in rebuilding AirAsia X_. post pandemic." AirAsia X CEO Margin Ismail said in a statement 011 Wednesday. "We are retuming to the skies in a robust position."Under the restructuring plan approved by creditors and suppliers in November, m X was to repay just 0.5% of its more than $8 billion debts and to terminate supply contracts. As part of the deal, Airbus agreed to reduce the airline's aircraft orders to 15 A330neo wide bodies (dovm from T8) and 20 A321XLR narrow bodies (from 30).
Task
A. Briefly outline the initiatives taken by Air Asia X in their debt restructuring exercise.
B. Identify and demonstrate how Air Asia X's financial strategy can help them improve their revenue growth in the future.
C. Give suggestion how Air Asia X can remains competitive in the market after the debt restructuring exercise.