{"id":377890,"date":"2020-10-12T09:19:13","date_gmt":"2020-10-12T03:49:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=377890"},"modified":"2020-10-12T16:54:49","modified_gmt":"2020-10-12T11:24:49","slug":"malaysia-airlines-boss-says-will-have-to-shut-down-if-restructuring-plan-fails-report-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/malaysia-airlines-boss-says-will-have-to-shut-down-if-restructuring-plan-fails-report-2\/","title":{"rendered":"Malaysia Airlines boss says will have to shut down if restructuring plan fails: Report"},"content":{"rendered":"<p>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<p>&#8220;I need to get the 50:50 ones (on board) with those who have agreed. I understand quite a sizeable amount of creditors have agreed.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 another group still 50:50,&#8221; [&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":[176,146,130],"tags":[],"class_list":["post-377890","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/377890","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=377890"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/377890\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=377890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=377890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=377890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}