Malaysia Airlines Achieves Key Restructuring Milestone
Credit: Joe Pries
The latest carrier looking to offload its A380s is Malaysia Airlines, which has operated the aircraft since 2012. In July this year, it confirmed it was looking to sell its six A380 aircraft and even posted an advert for sale inquiries on LinkedIn. Malaysia Airlines Group (MAG) has gained court approval of a deal to reduce lease liabilities, which clears the way for a broader restructuring and a further funding injection by the government. The carrier’s leasing arm filed a scheme of arrangement through the UK court system under Part 26 of the...
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