AirAsia to restructure huge Airbus jet order

AirAsia Group says it has reached agreement to restructure its mammoth order for Airbus jets.

The cash-strapped budget airline is due to get 362 narrowbody planes worth tens of billions of dollars.

Now it says delivery of those aircraft will be stretched all the way out to 2035.

Though it didn't disclose what the original timescale was.

In a statement, Airbus said it was an example of how it worked with customers to adapt to the global travel slump.

Other airlines with big orders, mostly in Asia, are also expected to seek relief.

Experts say it's very hard for airlines to cancel orders altogether, without going into bankruptcy.

Planemakers can also raise prices if carriers delay taking the jets they ordered.

Malaysia-based AirAsia says it is confident it can recover from its financial difficulties as soon as travel restrictions are lifted.

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