Malaysia Airlines may shut if restructuring talks fail, says report

The airline announced earlier this month it had embarked on an ‘urgent’ restructuring exercise that involves renegotiating with lessors, as it sees little sign of the pandemic easing.

The company needs “to get the 50:50 ones with those who have agreed”, Izham was cited as saying in the publication. “The restructuring involves several stages and we will not be able to share more information at this point in time,” it said. The airline, wholly owned by Malaysia’s sovereign wealth fund Khazanah Nasional Bhd, 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.

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