Approved restructuring – lifeline for Malaysia Airlines
On February 22, 2021, Malaysia Aviation Group received approval from a court in the United Kingdom allowing it to proceed with a restructuring plan....
On February 22, 2021, Malaysia Aviation Group received approval from a court in the United Kingdom allowing it to proceed with a restructuring plan....
Oleg Pulatov, one of the four suspects tried in absentia by the Netherlands for the murder of 298 passengers on Malaysia Airlines flight MH17, addressed Schiphol court in a video. The former Lieutenant colonel in the Russian Armed Forces said he had seen no sign of the type of missile allegedly used to bring down the aircraft....
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) offered a new reskilling and upskilling program for the company’s most pandemic-affected employees. Malaysia Airlines pilots and cabin crew are offered to gain new skills in management, audit, sales or IT helpdesk areas....
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....
Before the COVID-19 crisis, the airport industry’s contributing GDP to the world economy was estimated at around $825 billion. With passenger traffic falling by about 80% compared to 2019, some airports turned into morgues and cinemas to endure the crisis....
Malaysia’s former prime minister confirmed that the investigators of Malaysia Airlines Flight H370 disappearance have looked into the possibility that the flight captain Zaharie Ahmad Shah might have deliberately steered the airliner off course....
The Malaysian Ministry of Transport has denied agreeing to a new search mission for the missing wreckage of Malaysian Airlines Flight MH370. There have been two official search missions to find the airplane, missing since 2014. The latest effort, carried out by a private company, ended in 2018....
Qatar Airways is expanding its presence in Malaysia: the newest codeshare agreement with the flag carrier of the country, Malaysia Airlines, will expand the route network of both carriers, as the Doha-based airline looks to explore new horizons....
After commencing an audit of the Civil Aviation Authority of Malaysia (CAAM) in April 2019, the FAA presented its findings to the Malaysian authorities in July 2019. In the latest developments, Malaysia's IASA rating has been downgraded to Category 2, restricting flight rights to the US of airlines registered in the country....