MALAYSIA: Airasia X, a local budget long-haul airline, will postpone its US$200 million-worth of Sukuk planned for March 2012 until 2013, after the airline abandoned routes from Kuala Lumpur to London, Paris, Mumbai and New Delhi, said Azran Osman Rani, its CEO.
Azran explained that the company has decided to move the issuance of the Sukuk to 2013 as it has planes that will be delivered during that year.
Proceeds from the Sukuk were originally intended to purchase two planes flying the London and Paris routes.