AirAsia Acquires Three Aircraft from MYAirline Amidst Investor Negotiations

AirAsia, a low-cost carrier under Capital A, has recently acquired three Airbus A320 aircraft previously operated by MYAirline. The addition to AirAsia’s fleet occurred about a week ago, according to Bo Lingam, Group CEO of AirAsia Aviation Ltd. MYAirline, however, has refrained from commenting on the fleet changes due to ongoing discussions with potential investors. 


It was reported on Oct 16 that AirAsia was interested in leasing some of the 10 A320s formerly used by MYAirline, as both airlines lease from the same companies. MYAirline had leased 10 aircraft from eight lessors, including Aircastle Ltd, which leased two aircraft to the budget carrier. 


As of Nov 8, four A320s with MYAirline branding were spotted at Kuala Lumpur International Airport. Following MYAirline’s flight suspension on Oct 12, all 10 of its fleet were set to be returned to the lessors. The Civil Aviation Authority of Malaysia confirmed the deregistration of five aircraft. 

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MYAirline acknowledged that six of its aircraft were deregistered by its lessors, while four remained registered and managed by lessors and its Continuing Air Worthiness Management Organization. The airline is currently in talks with its lessors to retain this aircraft post-recapitalization and is also in advanced negotiations with two potential investors.

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