MYAIRLINE Sdn Bhd has suspended operations, effective today, until further notice as its financial pressure mounts.

In a statement early this morning, the low-cost airline said it has come to this “extremely painful decision” because of financial pressures that have made it necessary to suspend operations pending a shareholder restructuring and recapitalisation.

“We deeply regret and apologise for having to make this decision as we understand the impact it will have on our loyal passengers, dedicated employees and partners,” read the statement from the board of directors.

“We have worked tirelessly to explore various partnership and capital-raising options to prevent this suspension. Unfortunately, the constraints of time have left us with no alternative but to take this decisions”

MYAirline said a support team was available to help affected passengers.

“Kindly reach out to us at [email protected], and our support team will be readily available to provide their assistance,” it said. 

“We reiterate our sincerest apologies for any difficulty and inconvenience arising from this suspension and will do our utmost to provide updates as they become available,” it added. 

Yesterday, Transport Minister Anthony Loke said MYAirline must inform the Malaysian Aviation Commission of its problems before the agency could render aid.

It was reported the low-cost carrier was close to securing a new investor in Abang Abdillah Izzarim Abang Abdul Rahman Zohari, the son of the Sarawak premier.

This came after the airline’s chief executive officer Rayner Teo tendered his resignation last week, citing health reasons. – Bernama, October 12, 2023.