An airport employee beside a Malaysia Airlines plane at Kuala Lumpur International Airport in Sepang, Malaysia, July 22, 2019.
REUTERS/Lim Huey TengKUALA LUMPUR (Reuters) - Malaysia Airlines’ parent company has sought financial aid from its sole shareholder, the nation’s sovereign wealth fund, as debt restructuring talks with creditors drag on, the company said on Saturday.
The group said it remains in talks for a restructuring and that it was targeting a commercial agreement in the first week of December.
Malaysia Airlines is seeking to restructure after the COVID-19 pandemic forced it to slash operations.
Chief Executive Izham Ismail told staff in a memo last month that the restructuring talks were taking longer than planned.
Lim Huey, Malaysia’s, Khazanah, lessors, Izham Ismail
Malaysia Airlines, REUTERS, Reuters, Malaysia Airlines ’, “ Malaysia Aviation Group
Kuala Lumpur, Sepang, Malaysia, KUALA LUMPUR, Nasional