Malaysia Airlines aircraft lessors to vote Wednesday on restructuring, parent says

Malaysia Airlines’ aircraft operating lessors will vote on the airline’s restructuring scheme on Wednesday, the parent company of the national carrier said on Saturday. The lessors are among 40 creditors to which the airline owes 16b ringgit ($3.9b). To push ahead with its restructuring - a major step for the company, long beset by high costs and a bloated workforce and further upended by COVID-19 - Malaysia Airlines needs approval from aircraft operating lessors holding at least 75% of the money owed. Malaysian Aviation Group (MAG) said creditors have been divided into seven classes and that it is only taking aircraft operating lessors to the British court that is adjudicating its restructuring plans.<br/>