Malaysia Aviation Group's court approval paves way for RM3.6b capital injection

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The MAS parent company gets approval to allow it to begin a restructuring plan for the airline.

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 .

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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So, the PN just lies to Malaysia that they won't help MAS again!

Price for incompetencies that taxpayers have to bear. Total up to what, RM20bil now? Should've sell it to the highest bidder, chedetofficial .

Unending injection undoubtedly!

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