Daily Archive: November 21, 2020

Stimulus check: Saturday November 21 is the final deadline to submit your information to the IRS for stimulus checks, payments

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Malaysia Airlines seeks aid from wealth fund Khazanah, creditor talks continue By Reuters

© Reuters. FILE PHOTO: An airport employee beside a Malaysia Airlines plane at Kuala Lumpur International Airport

KUALA LUMPUR (Reuters) – Malaysia Airlines’ parent company has sought financial aid from its sole shareholder, the nation’s sovereign wealth fund, as debt restructuring talks with creditors drag on, the company said on Saturday.

“Malaysia Aviation Group has requested financial support from our shareholder Khazanah Nasional although the company isn’t in a position to comment on amount at this point in time,” it said in an email to Reuters.

The group said it remains in talks for a restructuring and that it was targeting a commercial agreement in the first week of December.

The airline could be seeking as much as $500 million, said Malaysia’s Edge weekly, which first reported the news, citing unnamed sources.

Khazanah said any funding for the airline will depend on the outcome of discussions with creditors and lessors,

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