Malaysia Airlines' parent says group has no cash to make payments beyond November

Malaysia Airlines' parent says group has no cash to make payments beyond November

Photographer: Sanjit Das/Bloomberg

Malaysia Aviation Group, the holding company for Malaysia Airlines Bhd, said in a letter to lessors that 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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