Business
Malaysia Airlines restructuring talks prolonged, CEO tells employees – CNA
Malaysia Airlines’ parent firm is still holding negotiations with lessors and creditors over a restructuring plan to keep the airline afloat, but the talks are …
SINGAPORE: Malaysia Airlines’ parent firm is still holding negotiations with lessors and creditors over a restructuring plan to keep the airline afloat, but the talks are taking “longer than expected”, according to a staff memo seen by Reuters.
“The negotiations are still ongoing and taking longer than the planned timeline, but we are gaining encouraging traction from the lessors and creditors thus far,” Izham Ismail, CEO of Malaysia Airlines and group CEO of parent firm Malaysia Aviation Group…
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