Mas Ceo Malaysia Airlines Will Have To Shut Down If Restructuring Fails
Izham explained that the plan is to restructure MAS’ balance sheet over five years, and break-even in 2023. The latter is within the assumption that demand in domestic and Southeast Asian markets will return to optimum levels by the second and third quarters of 2022. The plan will also require a fresh cash injection from the company’s shareholder, state fund Khazanah Nasional, in order to aid the airline over the next 18 months....