Malaysia Airlines boss says will shut down if restructuring plan fails: Report
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.
Malaysia Aviation Group (MAG) chief executive officer Izham Ismail said the group would have “no choice but to shut it down” if lessors decide against backing the restructuring plan.
