AIRASIA X Bhd shareholders have agreed to a debt restructuring for the Malaysian low-cost carrier, the company said on Tuesday, allowing it to pursue a scheme seen as key to its survival. Long-distance affiliated shareholders AirAsia Group Bhd approved all resolutions at the extraordinary general meeting of shareholders, including rights issue and share purchase for new investors to raise 500 million ringgit. AirAsia X in October last year proposed restructuring its 64.15 billion ringgit (US$15.6 billion) debt to a principal amount of 200 million ringgit and the rest released. The airline said in a separate statement that the resolution was passed by at least a 99.8% margin, and marked an important milestone in restructuring progress. "This approval has been obtained concurrently with final negotiations being held with creditors," he said, adding that New York-based advisors Seabury Capital had been "in active and productive talks" with lessors and others.