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Virus to erase RM1.7t from airline industry's revenue in 2021, says IATA

Virus to erase RM1.7t from airline industry's revenue in 2021, says IATA
themalaysianreserve.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themalaysianreserve.com Daily Mail and Mail on Sunday newspapers.

Brian Pearce , Airasiax Bhd , Airasia Bhd , Malindo Airways Sdn Bhd , Malaysia Airlines Bhd , International Air Transport Association ,

AirAsia shares drop further, salary cut for top management

AirAsia shares drop further, salary cut for top management
themalaysianreserve.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themalaysianreserve.com Daily Mail and Mail on Sunday newspapers.

Hong Kong , Republic Of , South Korea , Izham Ismail , Tharumalingam Kanagalingam , Airasiax Bhd , Group Bhd , Malindo Airways Sdn Bhd , Malaysia Airlines Bhd , International Air Transport Association , Malaysian Aviation Commission , Free Munch , Malaysian Reserve , North Asia , Airways Sdn Bhd ,

Airline rescues and restructuring gathering speed, but headwinds abound


MALAYSIA Airlines Bhd (MAS) appears to have a head start on its closest rivals AirAsia Group Bhd, AirAsia X Bhd (AAX) and Malindo Airways Sdn Bhd after closing a restructuring deal that sees it emerging with a stronger balance sheet, having eliminated some RM10 billion in debt.
Last week, the UK court approved the national airline’s plan to restructure more than RM15 billion in liabilities, which effectively removes “decades-long legacy issues in its balance sheet”, its parent Malaysia Aviation Group Bhd (MAG) says. The plan includes a RM3.6 billion lifeline from its sole shareholder Khazanah Nasional Bhd to support the carrier’s new five-year business plan, which envisages MAS returning to profitability from 2022. ....

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