Malaysia Aviation Group's court approval paves way for RM3.6b capital injection
Published: Feb 22, 2021 11:10 PM | Updated: Feb 23, 2021 3:01 AM
Malaysia Aviation Group obtained court approval in Britain on Monday for an agreement between the airline's leasing unit and a majority of its aircraft operating lessors, allowing it to begin a restructuring plan with new capital of RM3.6 billion (US$891 million).
MAG, the parent of Malaysia Airlines, said on Monday the scheme received the unanimous support of relevant lessors and represented an important component of a wider restructuring which will help to reduce its liabilities of more than RM15 billion...
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