Kuala Lumpur
Malaysia Airlines will have to shut down if its lessors decide not to back its latest restructuring plan, the airlines’ group chief executive was quoted as saying on Saturday. A group of leasing companies has rejected the airline’s restructuring plan, bringing the state carrier closer to a showdown over its future. Malaysia Airlines group chief executive officer Izham Ismail said the group would have “no choice but to shut it down” if lessors decide against backing the restructuring plan. “There are creditors who have agreed already. There are others still resisting, and another group still 50:50,” Izham said in an interview with The Edge weekly. “I need to get the 50:50 ones (on board) with those who have agreed. I understand quite a sizeable amount of creditors have agreed.” —Arab News
