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Jamie Freed and Liz Lee, Reuters 18/10/2021 AirAsia X Bhd (AAX) is proposing to pay just 0.5 percent of debt owed to each of its creditors and to terminate all existing contracts so that it can restructure $8.1 billion of liabilities, a document seen by Reuters shows. The Malaysian low-cost long-haul airline, a sister carrier to cash-strapped AirAsia Group Bhd, said in a stock exchange filing on Monday it had set a date of Nov. 12 for creditor meetings to vote on the restructuring proposal. “To avoid a liquidation and to allow the airline to fly again, the only option is fo