{"id":377666,"date":"2020-10-12T08:22:34","date_gmt":"2020-10-12T02:52:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=377666"},"modified":"2020-10-12T09:06:06","modified_gmt":"2020-10-12T03:36:06","slug":"malaysia-airlines-says-will-shut-down-if-restructuring-plan-fails-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/malaysia-airlines-says-will-shut-down-if-restructuring-plan-fails-report\/","title":{"rendered":"Malaysia Airlines says will shut down if restructuring plan fails: Report"},"content":{"rendered":"<p>KUALA LUMPUR (Reuters) &#8211; Malaysia Airlines will have to shut down if its lessors decide not to back its latest restructuring plan, the airlines&#8217; group chief executive was quoted as saying on Saturday. <\/p>\n<p>A group of leasing companies has rejected the airline&#8217;s restructuring plan, bringing the state carrier closer to a showdown over its future, Reuters reported on Friday. <\/p>\n<p>Malaysia Airlines group chief executive officer Izham Ismail said the group would have &#8220;no choice but to shut it down&#8221; if lessors decide against backing the restructuring plan. <\/p>\n<p>&#8220;There are creditors who have agreed already. There are others still resisting, and another group still 50:50,&#8221; Izham said in an interview with The Edge weekly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR (Reuters) &#8211; Malaysia Airlines will have to shut down if its lessors decide not to back its latest restructuring plan, the airlines&#8217; group chief executive was quoted as saying on Saturday. A group of leasing companies has rejected the airline&#8217;s restructuring plan, bringing the state carrier closer to a showdown over its future, Reuters reported on Friday. Malaysia Airlines group chief executive officer Izham Ismail said the group would have &#8220;no choice but to shut it down&#8221; if lessors decide against backing the restructuring plan. &#8220;There are creditors who have agreed already. There are others still resisting, and [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-377666","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/377666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=377666"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/377666\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=377666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=377666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=377666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}