“The restraining order allows the creditors an opportunity for amicable deliberation on the proposed debt restructuring without extraneous considerations,” a filing on the bourse said.

AirAsia X, the long-haul affiliate of AirAsia Group Bhd, applied for a restraining order in December, which will serve to restrain any legal proceedings to be initiated against it.

The airline has been trying for months to restructure RM64.15 billion of debt into RM200 million of debt.

More than a dozen creditors have filed to intervene in its proposed court-supervised restructuring, with lessor BOC Aviation Ltd and airport operator Malaysia Airports Holdings Bhd arguing that AAX is “hopelessly insolvent”.

The court last month ordered the airline to convene separate meetings with its different groups of creditors within six months.