Malaysia Airlines will have to shut down if restructuring plan fails, says group CEO

Malaysia Airlines will have to shut down if restructuring plan fails, says group CEO

Photographer: Sanjit Das/Bloomberg

Malaysia Airlines will have to shut down if its lessors decide not to back its latest restructuring plan, the chief executive of the airline’s parent group was quoted as saying on Saturday.

A group of leasing companies has rejected the restructuring plan, bringing the state carrier closer to a showdown over its future, Reuters reported on Friday.

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