The Business Times
business-time-50

Malaysia Airlines 'ready to shut down if restructuring talks fail'

'Sizeable' number of creditors support plan but more needed, says CEO in report

google-preferred-sourceAdd BT as a preferred source
Published Sun, Oct 11, 2020 · 09:50 PM

    Kuala Lumpur

    MALAYSIA Airlines is prepared to shut down if ongoing talks with leasing companies about a restructuring plan fail, The Edge Malaysia cited the national carrier's chief executive officer (CEO) as saying.

    A "sizeable" number of creditors support the company's plan, some are against it and others are still undecided, Izham Ismail told the business weekly in an interview on Saturday.

    MalaysiaAirlinesDebt restructuring

    TRENDING NOW

    The new vehicles will comprise a mix of fully electric and hybrid models, including the BYD Seal 6 DM-i.

    ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet

    StarHub’s H1 Ebitda – excluding Ensign, a cybersecurity joint venture with Temasek – fell 23.8% for the period ended Jun 30.

    Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts

    Sats posted a S$75.1 million net profit for Q1, up 6% from S$70.9 million in the same year-ago period.

    Sats slides 13.6% as investors dump shares on profit-margin squeeze

    Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

    When every phone becomes a satellite phone, what happens to Asia’s telcos?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More