Malaysia Airlines’ debt revamp nears completion

Win-win situation: Good progress has been achieved with full support by a large majority of creditors for a consensual agreement, according to MAG.

KUALA LUMPUR: The parent company of Malaysia Airlines says it is nearing the end of a debt restructuring process which it hopes will be completed by the end of the first quarter of this year.

Malaysia Aviation Group (MAG) said it was in talks with around 40 creditors and lessors to take a haircut in its RM16bil debt restructuring plan, adding it was confident it could achieve a “win-win” result for all.