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.jpg "Malaysia Airlines said the notice circulating on social media is part of the liquidation process of the late MAS. - Photograph by Choo Choy May")
KUALA LUMPUR, October 22 – Malaysia Airlines Bhd (MAB) clarified today that an announcement or notice to creditors was addressed to the creditors of its former, now defunct entity, Malaysia Airlines System Berhad (MAS) for the ongoing liquidation process of the latter, a news report. has said.
Malaysia Airlines was providing clarification regarding today’s notification to MAS’s creditors by the liquidator of the defunct company KPMG, where creditors were asked to provide proof of debt owed to MAS or proof of their claims before 5 pm on November 12, 2020 to KPMG Deal Advisory. Sdn Bhd.
According to the local business newspaper The edgeThe Malaysia Airlines portal had said that the notice circulating on social media is part of the liquidation process of the defunct MAS by KPMG, which was appointed liquidator since last February, adding that the notice is not related to the current company MAB.
“The matter is not related to Malaysia Airlines and is in no way part of its current restructuring exercise,” Malaysia Airlines was quoted as saying. The edge.
Other media outlets also reported the same clarification from Malaysia Airlines today.
Under the sole shareholder Khazanah Nasional Berhad’s restructuring and recovery plan for Malaysia Airlines, the airline’s operations were transferred from MAS to the current company MAB on September 1, 2015.
The edge Malaysia Airlines said is currently appealing to its creditors to reduce the debts owed to them, due to their difficulties meeting payment obligations amid a slow recovery hampered by the impact of the Covid-19 pandemic on airlines and the tourism industry.
