KONTAN.CO.ID - SINGAPORE. A group of leasing companies has rejected a restructuring plan put forward by Malaysia Airlines, bringing the state carrier closer to a showdown over its future. Lessors claiming to represent 70% of the airplanes and engines leased to the airline group have called the plan "inappropriate and fatally flawed" and pledged to challenge it, according to people familiar with the matter and a letter from a London law firm seen by Reuters. However, some leasing companies have endorsed the plan, one of the people said, declining to be named due to the sensitivity of the matter.
Lessors oppose Malaysia Airlines restructuring plan
KONTAN.CO.ID - SINGAPORE. A group of leasing companies has rejected a restructuring plan put forward by Malaysia Airlines, bringing the state carrier closer to a showdown over its future. Lessors claiming to represent 70% of the airplanes and engines leased to the airline group have called the plan "inappropriate and fatally flawed" and pledged to challenge it, according to people familiar with the matter and a letter from a London law firm seen by Reuters. However, some leasing companies have endorsed the plan, one of the people said, declining to be named due to the sensitivity of the matter.