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Malaysia Airlines, a chronically unprofitable flag carrier of Malaysia that has been restarted more than once, appears to survive the current slump with the help of its creditors and government.
The country had an alternate plan, if the restructuring of MAB wouldn’t succeed, to slowly build up a regional airline called Firefly.
You can access Malaysia Airlines here.
Here’s an excerpt from the Malaysian Reserve:
MALAYSIA Aviation Group (MAG) may not have to proceed with its Plan B to make FlyFirefly Sdn Bhd the flag carrier, as prospects to revive Malaysia Airlines Bhd (MAB) improve considerably.
“The Plan B alternative is not necessary as negotiations with creditors have been successful or successful enough, with over 75% agreeing, which means the new terms can be applied to any remaining holdouts using the UK scheme,” Sobie told The Malaysian Reserve (TMR).
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