Creditors approve Hong Kong Airlines $6.3bn restructuring plan

Most of the creditors of Hong Kong Airlines have voted in favour of supporting the $6.3bn debt restructuring plan. Three groups of creditors vote for the restructuring proposal, while one faction has raised objections. The hearing on the restructuring will be held in England this Friday, December 9, 2022, and December 14, 2022 in Hong Kong, the airline said in a statement. The airline plans to clear total liabilities of around HK$49 billion and to receive a new equity injection of HK$3 billion to alleviate a liquidity crunch with this restructuring plan. As per sources, three groups of creditors, previously