TALKS among Malaysia Airlines’ parent company, lessors and creditors are taking longer, Reuters reported the airlines’ chief executive officer Izham Ismail as saying.

A memo sighted stated that negotiations are still ongoing and “taking longer than the planned timeline”.

Izham, who is also group CEO of the parent company Malaysia Aviation Group (MAG), said in the memo to staff on October 16 that there was “encouraging traction”.

MAG also told Reuters today discussions with creditors on its restructuring exercise are still ongoing.

The Malaysian Insight reported recently that one of the options for Malaysia Airlines was to restart as a new carrier if the proposed restructuring plan is rejected.

Izham has also said previously that the airlines would shut down if lessors decide against the plan. – October 17, 2020.