fbpx
Connect with us

News

MYAirline Allegedly Secures New Investor & Hopes to be Back in Action by Mid 2024

Published

My Post 1 2024 01 12T164308.511
Source: MYAirline & New Straits Times

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

MYAirline Sdn Bhd has apparently been acquired by an investor from the Middle East at the end of December 2023, with a sales and purchase agreement being signed.

According to a report by Bernama, a source, who did not name the investor, hopes that MYAirline can implement efforts to resume operations by the middle of this year.

Myairline 3

“The first action expected is the payment of salaries and refunds to passengers,” the source shared.

Now that there is a alleged new investor, the airline is believed to have applied to the Malaysian Aviation Commission (Mavcom) for a conditional Air Services License (ASL), then an Air Operator’s Certificate (AOC) from the Civil Aviation Authority of Malaysia (CAAM) before receiving a full ASL to operate.

Mavcom has since confirmed that they will only start the evaluation process after receiving a complete submission.

 

Though, prior to that, there’s something more important that needs to be done.

“They need to settle their debt as soon as possible to resume operations are before,” the source added.

When asked whether the airline would be operated by an international company or a local company, the source explained that the acquisition of an airline in Malaysia would require the ownership of 51% of Malaysian shares.

Despite having obtained an investor, it is still uncertain when the settlement of salary payments of about 900 staff members and the refunds to 117,000 affected passenger would be done.

Would you like to see MYAirline back in action? Do feel free to share your thoughts in the comment section.

 

Also read: Netizens are Accusing a M’sian Brand of Allegedly Copying Another Local Brand, Machino’s Design

Ft

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Feat Image Klia Shooter Feat Image Klia Shooter
News11 hours ago

KLIA Shooter Allegedly Tried to Flee to Mecca Before Arrest, Now Wants 7 Lawyers to Represent Him in Court

Following the arrest of the suspect in the shocking shooting case at Kuala Lumpur International Airport (KLIA) in Kota Bharu,...

Feat Image Sikh Feat Image Sikh
News12 hours ago

Ex-Google Managing Director Shocked to Learn That M’sians Refer to Sikhs as Bengalis During Visit Here

A renowned figure in global technology and media organisations recently took to social media to share a fascinating fact that...

My Post 1 2024 04 15T161432.919 My Post 1 2024 04 15T161432.919
News1 day ago

A Deadly Whooping Cough Outbreak is Spreading Around the World & Here’s What You Need to Know!

In April of last year, it was revealed that Sabah had recorded a total of 76 cases of Pertussis (also...

Feat Image Suspect Klia Shooter Arrested Feat Image Suspect Klia Shooter Arrested
News1 day ago

BREAKING: KLIA Shooter Has Been Arrested in Kota Bharu

The Royal Malaysia Police (PDRM) has announced that the 38-year-old suspect who fired a gun at the Kuala Lumpur International...

My Post 1 2024 04 15T142809.322 My Post 1 2024 04 15T142809.322
News1 day ago

M’sians Share Their Disappointment Over How EASILY KLIA Shooting Suspect Managed to Escape

Shots were fired at the Kuala Lumpur International Airport (KLIA) on April 14 (Sunday), after a man attempted to shoot...

Article Featured Image 18 Article Featured Image 18
News2 days ago

This is Nur Hadith, The Bodyguard Who was Shot Protecting His VVIP Client

The shooting at KLIA case took everyone by surprise this morning, and left a lot of people worried for the...

Article Featured Image 13 Article Featured Image 13
News2 days ago

KLIA Shooting: 5 Updates About What Happened So Far

Shooting cases are rare in Malaysia, especially due to our country’s very strict gun control laws. So, when something like...

Article Featured Image 11 Article Featured Image 11
News2 days ago

Police on A Manhunt for This Gunman, Urge M’sians to Contact Them If They Have Info

Police has alerted that the man, now identified as Hafizul Harawi, is considered arm and dangerous. The 38-year-old is being...

Announcement

Latest Videos



TRENDING TODAY