Press Room

KLIA, 20 January 2021: Malaysia Aviation Group (“MAG” or “the Group”) has reached another major milestone towards securing its future today, by successfully obtaining approval from the UK Court to proceed with a major component of the comprehensive restructuring of the Group, following the severe impact of the COVID-19 pandemic on the travel and tourism industry globally. The restructuring is based on a revised long-term business plan and will pave the way for MAG to ensure its long-term sustainability together with the strong support from its shareholder and the large majority of its creditors.