Malaysia's MYAirline grounded after losing the last aircraft, investor discussions ongoing

MYAirline, a budget carrier facing financial difficulties, has had its 10th and last aircraft deregistered, leaving it with no registered aircraft in its fleet, as confirmed by the Civil Aviation Authority of Malaysia (CAAM) to Business Times. To reapply for the Air Operator Certificate (AOC) license, the airline would need to secure at least two aircraft, as per CAAM's Civil Aviation Directives (CAD) - 6004.


On January 26, CAAM extended MYAirline's AOC suspension for another three months until April 14. An Airbus A320 plane, believed to be the recently deregistered final aircraft, was seen parked at Kuala Lumpur International Airport's Terminal 2 on February 2 and 4. Despite suspending its operations abruptly on October 12, 2023, MYAirline still holds hope as new investors from the Middle East are reportedly interested in the airline. The airline has recently applied for a new Air Service License (ASL) to the Malaysian Aviation Commission (Mavcom), which oversees the commercial and financial aspects of an airline. 


Before MYAirline can resume operations, it needs to secure a conditional ASL from Mavcom, reapply for AOC from CAAM, and return to Mavcom for a full ASL. Transport Minister Anthony Loke stated on January 12 that MYAirline must meet several conditions before resuming business, including ensuring all refunds are paid to affected passengers and staff payments are made. 

Book transfer in France 728*90

According to a Mavcom press release on November 1, 2023, MYAirline's operation suspension affected over 117,000 passengers, with a total value of more than RM22 million in forward sales for scheduled flights from October 12, 2023, to March 31, 2024. MYAirline declined to comment on the new investor, fleet, and future plans in January and on January 26 due to non-disclosure agreements.

Endless Possibilities

Post a Comment

Previous Post Next Post

1 / 3
2 / 3
3 / 3
EN - 728x90