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Reuters exclusively reports Malaysia Airlines group low on cash

Reuters reported exclusively that Malaysia Aviation Group, the holding company for Malaysia Airlines Bhd, has said the group is unlikely to be able to make payments owed after November unless it receives more funding from state fund Khazanah. The comments, in a letter to lessors that was reviewed by Reuters, follow a request by the troubled carrier for steep discounts on aircraft rentals from its lessors as part of a broad restructuring plan. 

Article Tags
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: Singapore
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text