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By Cirium2021-05-05T01:07:00+01:00
Malaysia Airlines has the option of extending lease rental deferrals into 2022 if the market for air travel does not recover quickly enough.
“We have power-by-the-hour arrangements for our fleet for the whole of 2021, but… we do have an option for contingent deferral to be in play for 2022 as well,” the airline’s group chief strategy officer Bryan Foong says in response to a question from Cirium during a 4 May media briefing.
Source: Greg Waldron/FlightGlobal
A Malaysia Airlines 737-800 at KLIA in December 2018
“That’s contingent upon a downside scenario or certain things happening with the demand curves, and so we have that facility available and we will be monitoring the market to see whether we need to trigger that for 2022 as well,” Foong added, without going into detail.
Direct News Source
gategroup Holding AG (“gategroup”, the “Company” and together with its subsidiaries, the “Group”), is pleased to announce that all conditions to the Group’s financial restructuring designed to position the Group for a post-COVID future have been satisfied and that completion of the restructuring has occurred.
Background
As announced on 26 November 2020, the Group, its shareholders RRJ Capital and Temasek (the Shareholders ) and all of the Groupâs bank lenders under the senior facilities agreement dated 30 November 2018 (the Senior Lenders and the SFA , respectively) had agreed to the key terms and conditions of a recapitalisation of the Company and amendment of the terms of the Groupâs financial indebtedness (the âTransactionâ).
I am pleased to report that, for the year ended 31 December 20 20 , Worldsec Limited (the Company ) and its subsidiaries (together the Group ) achieved an audited consolidated profit of US$ 944 ,000, compared with a loss of US$704,000 in 201 9 . Earnings per share were US 1 . 10 cent s (201 9 loss per share : US 0.83 cent). Net asset value per share was US 6 . 7 cents (201 9 : US 5 . 5 cents). Detailed discussion of the results and financial position of the Group is set out in the directors report on pages 3 to 19. Subsequent to the year end, the Group made a new investment, through the Class B Ordinary Shares (the Cambium Class B Shares ) of Cambium Grove Growth Opps IV Limited (the Cambium Opps ), in Dingdong (Cayman) Limited ( Dingdong ). Dingd