(Reuters Photo)KUALA LUMPUR: Malaysia Airlines will have to shut down if its lessors decide not to back its latest restructuring plan, the airline’s group chief executive was quoted as saying on Saturday. A group of leasing companies has rejected the airline’s restructuring plan, bringing the state carrier closer to a showdown over its future, Reuters reported on Friday. Malaysia Airlines group chief executive officer Izham Ismail said the group would have “no choice but to shut it down” if lessors decide against backing the restructuring plan. Malaysia Aviation Group (MAG), the airline’s parent company, did not immediately respond to a Reuters email seeking comment. He said Plan B could involve shifting Malaysia Airlines’ air operator’s certificate (AOC) to a new airline under a different name, or using the certificates of sister airlines Firefly and MASwings.

Source: Bangkok Post October 10, 2020 10:00 UTC