Business
Will Malaysia Airlines be the next COVID victim? – Airline Ratings
Malaysia Airlines is reportedly running out of cash and has told aircraft lessors it is unlikely to be able to make payments unless it receives more funding fro…
Malaysia Airlines is reportedly running out of cash and has told aircraft lessors it is unlikely to be able to make payments unless it receives more funding from Malaysian sovereign wealth fund and owner Khazanah.
A letter sent to lessors by Malaysian Aviation Group and seen by news agency Reuters said the Malaysia Aviation group had an average monthly operating cash burn of $US84 million but only had $US88 million in liquidity as of August 31 plus $US139 million available from Khazanah.
Based…
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