Business
Malaysia Airlines parent tells lessors it is low on cash: Report – Aljazeera.com
Carrier says it told plane lessors, creditors and suppliers that it is undertaking an urgent restructuring exercise.
Malaysia Aviation Group, the holding company for Malaysia Airlines Berhad, said in a letter to lessors the group is unlikely to be able to make payments owed after November unless it receives more funding from state fund Khazanah.
The letter, reviewed by the Reuters news agency, follows a request by the troubled carrier for steep discounts on aircraft rentals from its lessors as part of a broad restructuring plan, three sources with knowledge of the matter said.
Malaysia Airlines later confirm…
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