Malaysia Airlines shake-up to handle turbulence

Urgent revamp: Malaysia Airlines aircraft on the tarmac of the KL International Airport. Tight border restrictions in key markets will hamper the return of international leisure and business travel demand over the next couple of years.

KUALA LUMPUR: Malaysia Airlines Bhd is embarking on an urgent restructuring of its business and capital structure as the Covid-19 pandemic is showing little sign of easing.

In a statement, it said while its long-term business plan (LTBP) launched in early 2019 had resulted in significant operational improvements, the Covid-19 pandemic has caused unprecedented disruptions, with lockdowns across the globe.