Monday, August 4, 2025
  • Hype
  • Murai
  • Lipstiq
  • Miss Murai
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zoneUpdated
    • ViewnetUpdated
    • Sri ComputersUpdated
    • StartecUpdated
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zoneUpdated
    • ViewnetUpdated
    • Sri ComputersUpdated
    • StartecUpdated
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home News

MAS CEO: Malaysia Airlines Will Have To Shut Down If Restructuring Fails

by Heirul Kamel
October 10, 2020
Malaysian Airlines MAS
3.1k
SHARES
Share on FacebookShare on Twitter

Malaysia Airlines (MAS) chief executive officer Izham Ismail was quoted saying that the company will have to shut down if its latest restructuring plan fails. The airline’s parent company, Malaysian Aviation Group (MAG), announced earlier this week that it is currently facing financial difficulties in paying its lessors.

Izham explained that the plan is to restructure MAS’ balance sheet over five years, and break-even in 2023. The latter is within the assumption that demand in domestic and Southeast Asian markets will return to optimum levels by the second and third quarters of 2022.

The plan will also require a fresh cash injection from the company’s shareholder, state fund Khazanah Nasional, in order to aid the airline over the next 18 months. According to a report by Reuters, the state fund said that it is supportive of the restructuring efforts by Malaysia Airlines but that if they proved unsuccessful, it would need to evaluate options on how to maintain connectivity for Malaysia.

Malaysia Airlines MAS

The CEO added that Malaysia Airlines’ restructuring is also relying on the consent from leasing companies. “There are creditors who have agreed already. There are others still resisting, and another group still 50:50,” he said in an interview with The Edge weekly. “I need to get the 50:50 ones (on board) with those who have agreed. I understand quite a sizable amount of creditors have agreed.”

Izham said the lessors will need to make a decision by Oct 11, so that the airline can decide whether to proceed with its restructuring plan or “execute Plan B”. According to the CEO, Plan B could involve shifting MAS’ air operator’s certificate (AOC) to a new airline under a different name. Options include the airlines’ sister companies Firefly and MASwings.

“If you ask me, is Plan B credible? Of course, it is,” Izham said to Reuters. “We have all the skills sets in place.”

(Source: CNA / Reuters [1] [2] [3])

Filed Under khazanah nasionalMAGmalaysia airlinesMalaysia Aviation GroupmasplanrestructuringShut Down
Updated 1:36 pm, Mon, 12 October 20
http://lowy.at/R53R3
Share1237Tweet773SendShare

Follow us on Instagram, Facebook, Twitter or Telegram for more updates and breaking news. 

No Result
View All Result

TRENDING THIS WEEK

  1. 1
    How-To's

    RM100 SARA: How To Redeem, And Everything Else You Need To Know

  2. 2
    Action Cameras

    AKASO 360 Lands In Malaysia; Starts From RM899

  3. 3
    Transportation

    KTM Komuter Services To KL Sentral Disrupted On Sundays Until Late September

  4. 4
    Transportation

    Malaysia Aims For MLFF Toll System Implementation By 2027

  5. 5
    Mobile Phones

    HONOR Magic V5 Now Available Via Postpaid Telco Plans

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Miss Murai
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2025 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zone
    • Viewnet
    • Sri Computers
    • Startec
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2025 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zone
    • Viewnet
    • Sri Computers
    • Startec
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2025 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.