Malaysia Airlines will undergo a restructuring plan with RM3.6 billion in capital injected by Khazanah Nasional Bhd.
MAG said the scheme also represented a wider restructuring that will help reduce the company’s liabilities of more than RM15 billion. With the restructuring expected to be completed by early March, MAG said it will strike bilateral deals with finance lessors, spare engine lessors, maintenance service providers, corporate lenders, and government-related entities.
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