The Business Times
business-time-50
SUBSCRIBERS

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

    KSL's Khoo Lee Feng says it is "not so much what you study, but how you learn".

    Johor property old hand KSL readies family handover amid market boom

    More than 95% of Seatrium's net order book comprises "series-build" projects.

    Seatrium eyes S$28 billion in project opportunities amid global race for energy security

    China has launched the biggest shake-up of its cross-border tax system in decades, threatening three popular brokers with at least US$330 million of penalties.

    China targets offshore billions in biggest crackdown in decades

    Terence Wong, founder and CEO of Azure Capital (left), with Trek 2000 executive chairman and group president Wayne Tan.

    Trek 2000 shares jump 26% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital

    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