Thai AirAsia X making progress on lease negotiations: advisor

Thai AirAsia X has made further progress with lessors on restructuring lease agreements, after signing its first lease restructuring back in March. “They have actually closed documentation entirely with three lessors, and they have four lessors that they are just at various points in the documentation process,” Ron Brickerd, managing director at Thayaan Aviation Consultants Group, tells Cirium, declining to name the lessors. Brickerd, who has been advising the airline on its restructuring since December, adds that Thai AirAsia X is still in negotiations with two lessors, which he declines to name, but says that negotiations with this pair are “well underway”. For those four lessors in the documentation stage, this could include preparing a brand-new lease, amending an existing lease, and payment deferrals, he says.<br/>