* Scheme received unanimous support of relevant lessors
* Khazanah to pump 3.6 bln rgt to fund MAG until 2025
* Group restructuring expected to complete early March
KUALA LUMPUR, Feb 22 (Reuters) – Malaysia Aviation Group obtained court approval in Britain on Monday for an agreement between the airlines leasing unit and a majority of its aircraft operating lessors, allowing it to begin a restructuring plan with new capital of 3.6 billion ringgit ($891 million).
MAG, parent of Malaysia Airlines, said on Monday the scheme received unanimous support of relevant lessors and represented an important component of a wider restructuring which will help to reduce its liabilities of more than 15 billion ringgit.
Now that the s…
Read the full article at: https://www.reuters.com/article/malaysia-airlines-restructuring/malaysia-aviation-groups-court-approval-paves-way-for-891mln-capital-injection-idUSL1N2KS18E