Malaysia Airlines Talks to Creditors in Urgent Restructuring
- Flag carrier reached out to lessors, creditors, key suppliers
- Malaysia Airlines has struggled to turn around since 2014
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Malaysia Airlines Bhd. has reached out to lessors, creditors and key suppliers as part of its “urgent” restructuring exercise as it sees little sign of the pandemic easing.
The flag carrier, wholly owned by Malaysia’s sovereign wealth fund Khazanah Nasional Bhd., would take more drastic measures if the restructuring can’t be completed over the next few months, according to a statement issued on Friday. Bloomberg reported earlier that the airline was said to be talking to banks and leasing companies to defer payments.