Malaysia Airlines 'ready to shut down if restructuring talks fail'
'Sizeable' number of creditors support plan but more needed, says CEO in report
Mon, Oct 12, 2020 - 5:50 AM
The airline announced earlier this month that it had embarked on an "urgent" restructuring exercise that involves renegotiating with lessors, as it sees little sign of the pandemic easing.
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...