Malaysia Airlines may shut if restructuring talks fail, says report

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The airline announced earlier this month it had embarked on an ‘urgent’ restructuring exercise that involves renegotiating with lessors, as it sees little sign of the pandemic easing.KUALA LUMPUR: Malaysia Airlines Bhd is prepared to shut down if ongoing talks with leasing companies about a restructuring plan fail, The Edge Malaysia cited the national carrier’s CEO as saying.A “sizeable” number of creditors support the company’s plan, some are against it and others are still undecided, Izham Ismail told the business weekly in an interview Saturday.The company needs “to get the 50:50 (undecided) ones with those who have agreed”, Izham was cited as saying in the publication.Sunday is the deadline for creditors to decide, after which Malaysia Airlines will choose whether to proceed with the restructuring plan or execute “Plan B”, which may involve the passing of its air operator’…