AirAsia X to put off US$200m sukuk issue

AirAsia X Sdn Bhd will put off a US$200 million Islamic bond issue planned for March by at least 12 months after the airline abandoned routes from Kuala Lumpur to London, Paris, Mumbai and New Delhi.
AirAsia X announced Jan. 12 that it was cutting its flights to Europe, justifying the cost of complying with the European Union’s emissions trading system and rising taxes.

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