Malaysia Airlines Bhd owes creditors billions of ringgit and like many other airlines is suffering from the Covid-19 fallout. – EPA pic, January 7, 2021.
MALAYSIA Aviation Group Bhd , at the tail end of a RM16 billion debt-restructuring exercise of Malaysia Airlines Bhd, said it is studying the option of using a UK scheme to complete the exercise. MAG, the parent of the loss-making national carrier, said in a statement yesterday the UK option, however, is dependent on the sanction of a group of minority creditors still holding out on the proposed restructuring plan.
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