13 October 2020
Malaysia Airlines has warned that it may have to stop operations if a restructuring proposal, which is currently opposed by aircraft lessors, fails.
Malaysia Aviation Group CEO Izham Ismail said: “There are creditors who have agreed already. There are others still resisting, and another group still 50:50.
“I need to get the 50:50 ones (on board) with those who have agreed.”
The carrier said that the new restructuring plan is aiming to have it break-even by 2023, based on the expectation domestic and Southeast Asian markets return to pre-pandemic levels by mid-2022.
