Izham said the results of Malaysia Airlines' successful corporate restructuring include the removal of about RM15 billion worth of the airline's liabilities and around RM10 billion of total debt. "Malaysia Airlines is very lean and agile. Under the collaboration, MAG and STB will jointly work to market and promote events involving STB, Malaysia Airlines, Firefly, MASwings and MHholidays. According to Izham, Malaysia Airlines, which has been cash-flow positive since October 2021, expects to achieve its "best-case scenario" where it returns to pre-pandemic financial performance as seen in 2019, by the fourth quarter of 2023. The Covid-19 pandemic, which began to be widely reported since early 2020, has brought the global aviation sector to its knees as pandemic-driven movement restrictions barred people from travelling to curb the spread of Covid-19.
