MAS parent company gets British court approval for debt restructuring

The parent company of Malaysia Airlines, Malaysia Aviation Group (MAG), said it had obtained British court approval to proceed with a major component of its debt restructuring efforts.

The approval allows the group to convene a creditors' meeting to consider a scheme. The outcome of the meeting will be reported back to the court at a sanction hearing on Feb 22, the group said in a statement late Wednesday.

The airline group said it had received overwhelming support...