Malaysia Airlines’ aircraft operating lessors are to vote on the airline’s restructuring scheme on Wednesday.

The airline owes MYR16 billion to creditors and needs aircraft operating lessors - owed about 75 per cent of the total - to okay the plans.

 

The airline also hopes to reach bilateral agreements with other classes of creditors like aircraft finance lessors and planemakers such as Boeing and Airbus before the court proceedings conclude.

 

It hopes the restructuring project can conclude by end March.