Malaysia Aviation Group obtained court approval in Britain on Monday for an agreement between the airline's leasing unit and a majority of its aircraft operating lessors, allowing it to begin a restructuring plan with new capital of RM3.6 billion (US$891 million).

MAG, the parent of Malaysia Airlines, said on Monday the scheme received the unanimous support of relevant lessors and represented an important component of a wider restructuring which will help to reduce its liabilities of more than RM15 billion...