Malaysia Airlines owner warns of dire cash problems
04 October 2020 - 19:08
Singapore — Malaysia Aviation Group, the holding company for Malaysia Airlines, said in a letter to lessors the group is unlikely to be able to make payments owed after November unless it receives more funding from state fund Khazanah.
The letter, reviewed by Reuters, follows a request by the troubled carrier for steep discounts on aircraft rentals from its lessors as part of a broad restructuring plan, three sources with knowledge of the matter said...
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