MAS parent company gets British court approval for debt restructuring


Modified 21 Jan 2021, 4:29 am

The parent company of Malaysia Airlines, Malaysia Aviation Group (MAG), said it had obtained British court approval to proceed with a major component of its debt restructuring efforts.

The approval allows the group to convene a creditors' meeting to consider a scheme. The outcome of the meeting will be reported back to the court at a sanction hearing on Feb 22, the group said in a statement late Wednesday.

The airline group said it had received overwhelming support...

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