KUALA LUMPUR – AirAsia X Bhd, the long-haul, low-cost affiliate of AirAsia Bhd, appears to be encountering greater turbulence. It is said to be facing payment problems relating to staff salaries and their fixed and variable allowances, sources close to the company told The Edge Financial Daily.
In view of the financial problems, according to the sources, AirAsia co-founder and group chief executive Tony Fernandes will take on a “more prominent role” in the management of AirAsia X to revive the airline.
In a circular seen by The Edge Financial Daily, AirAsia X staff were informed that payment of their wages and allowances would be on a staggered basis for the month of October.
Describing the unprecedented payment issue as a “temporary setback”, the management of AirAsia X blamed the payment delay to the “late arrival of incoming funds”. – Reuters