Impact of Covid-19 on aviation: Commentary

Work together to get planes up in the air again

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Malaysia Airlines (MAS) has told lessors that it will not be able to make payments for aircraft after next month unless it receives more money from state-run sovereign fund Khazanah.

According to Reuters, MAS is burning US$84 million (S$114 million) in cash every month, but had only US$88 million of liquidity at end-August, plus an additional US$139 million available from Khazanah, its sole shareholder.

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A version of this article appeared in the print edition of The Sunday Times on October 18, 2020, with the headline Work together to get planes up in the air again. Subscribe