Malaysia Airlines' debt restructuring nears completion – parent company

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 86%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Malaysia Aviation Group, the parent company of Malaysia Airlines, continues talks with creditors as part of efforts to turn around the national carrier.

The parent company of Malaysia Airlines said on Thursday, January 7, it was nearing the end of a debt restructuring process which it hopes will be completed by the end of the 1st quarter of this year.

MAG has been in discussions with creditors for months as part of efforts to turn around Malaysia's national carrier, long beset by high costs and a bloated workforce. "Good progress has been achieved with full support by a large majority of its creditors for a consensual agreement," MAG said in a statement about the restructuring process.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 4. in SE

Sverige Senaste nytt, Sverige Rubriker