UK Court Gives Malaysia Airlines Green Light for Creditors Meeting
UK Court Gives Malaysia Airlines Green Light for Creditors Meeting (22 Jan 2021) Malaysia Aviation Group has received approval from a court in the UK to proceed with a major component of the group's comprehensive restructuring. In September 2020, the group decided to embark on a holistic restructuring aimed at resizing the business so that it could emerge sustainably profitable in the long-term as Malaysia’s flag carrier with a stronghold in Asia-Pacific and an improved short-haul business model in ASEAN. The group has since been in active disc...
Source: asiatraveltips.com