Jan 23 (Reuters) - Malaysia’s AirAsia X (AIRX.KL) on Friday said that it “continuously explores” options to refinance about $600 million in debt, after a Reuters report said the budget carrier was preparing a restructuring.
Reuters reported earlier that AirAsia X was targeting a debt restructuring following its planned acquisition of the short-haul aviation business of Capital A (CAPI.KL) , citing Deputy Group CEO Farouk Kamal.
The carrier said it will announce any developments related to these internal targets as needed.
AirAsia X said the revenue and EBITDA targets mentioned in the Reuters article were on a combined basis, covering its long-haul aviation business and AirAsia Aviation’s short-haul aviation business.
Reuters reported that the budget airline was targeting near-term revenue approaching $6 billion and an EBITDA margin of 20%.

Malaysia's AirAsia X says it continuously explores debt refinancing opportunities