has made"substantial progress" in months-long talks with creditors as it aims to convene meetings with them to vote on a restructuring scheme by the end of October, its chief executive said.
Benyamin said talks with creditors are in the final stages and all have indicated they want to see the airline proceed with its restructuring. Many lessors have already struck other agreements with Southeast Asian airlines to take back planes early or reduce rates, at least temporarily, to help them survive the plunge in air travel caused by coronavirus pandemic.
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