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Malaysia Airlines Parent Firm Gets Green Light for Restructuring

Malaysia Airlines Parent Firm Gets Green Light for Restructuring Bloomberg 2/22/2021 Yantoultra Ngui © Bloomberg Malaysian Airlines Bhd. and Malindo Airways aircraft stand on the tarmac at Kuala Lumpur International Airport (KLIA) in Sepang, Selangor, Malaysia, on Tuesday, Jan. 17, 2017. The hunt for Malaysia Airlines Flight 370 was called off Jan. 17 after almost three years of fruitless toil. The Boeing Co. 777 aircraft disappeared on March 8, 2014, on its way to Beijing from Kuala Lumpur with 239 people on board. (Bloomberg) Malaysia Airlines Bhd.’s parent company was given the nod to implement a wide-ranging restructuring by the majority of its lessors and a U.K. court on Monday, giving a lifeline to the national flag carrier that has floundered amid a plunge in air traffic during the coronavirus pandemic.

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