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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!