Aviation PLC (AVAP), a Singapore-based commercial passenger aircraft leasing company, made financial claims on its debtor Virgin Australia (VA). The lessor stated that a preliminary proof of debt claim against the airline amounts to almost $75 million which includes outstanding lease liabilities and compensation for unpaid end-of-lease return maintenance services....
Malaysia Aviation Group (MAG), the holding company of Malaysia Airlines, announced that the group would have “no choice” but to shut down operations if lessors chose not to back the airline’s restructuring plan. The company considered closure after its restructuring plan had been rejected by lessors on October 9, 2020....
Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, is running out of cash and likely would be unable to fulfill the obligations to its lessors....
_crop.jpg "Malaysia Airlines plane prepares for passengers to board")
_pushback_at_london_heathrow_airport-3_crop.jpg "Malaysia Airlines Airbus A380")
