Aircraft lessors reject MAS restructuring plan


A group of aircraft leasing companies have rejected Malaysia Airlines' restructuring plan, calling it 'inappropriate and fatally flawed'. – The Malaysian Insight file pic, October 10, 2020.

MALAYSIA Airlines’ (MAS) restructuring plan has been rejected by a group of aircraft leasing companies, Reuters reported

The companies that supposedly represent 70% of the aircraft and engines leased to MAS said they will challenge the “inappropriate and fatally flawed” plan, according to sources and a letter from a London law firm sighted by Reuters.


Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!

Subscribe Now!



Sign up or sign in here to comment.


Comments


  • Just seal it with a kiss, closed the whole damm company down, riding on public funds but giving away business to the cronies of people with powers at premium price. Real ideas from people who knows the industry wasn't taken into accounts so go fuck spiders elsewhere and don't dream of taking more public funds - enough is enough

    Posted 1 month ago by Teruna Kelana