MYAIRLINE said today its licences have only been suspended, not cancelled.

The carrier told The Malaysian Insight its Air Operator’s Certificate (AOC) and Air Service Licence (ASL) have not been revoked.

“We would like to clarify that both of the licences required to operate an airline (AOC and ASL) have only been suspended and not revoked as reported.

“MYAirline has not received any cancellation or stop-work demands by local regulators, and is currently wrapping up negotiations for reinvestment and the subsequent restart of its business,” it said.

In another statement, the company said the suspension of the licences served the interests of the organisation, “given our historical track record in maintaining a strong operational environment, especially in technical, safety, and operational aspects”.

“The suspension necessitates that MYAirline demonstrate its capacity to operate independently and achieve financial capability to regain full certification and the reinstatement of its licences,” it said.

Last week, The Malaysian Insight reported investors would be wary of MYAirline as its ASL was suspended.

Aviation analyst Shukor Yusof said without an ASL, it would be the end for the cash-strapped carrier.

The Malaysian Aviation Commission (Mavcom) earlier announced the suspension of MYAirline’s ASL.

Mavcom issued a show-cause letter to MYAirline on October 13, ordering the low-cost carrier to provide its written representation within 14 days.

MYAirline said out of its original fleet of 10 aircraft, six planes have been deregistered by their lessors.

“This action is consistent with standard industry practices aimed at safeguarding lessors’ assets.

“Presently, four aircraft remain registered and continue to be managed by lessors and assisted by MYAirline’s Continuing Airworthiness Management Organization.

“It is important to note these aircraft have been under lessors’ control since October 13, 2023, and is not a recent development. Nevertheless, we are actively engaged in discussions with our lessors with the intention of retaining these aircraft once the recapitalisation process concludes,” the carrier said.

Reports earlier today said MYAirline returned all 10 of its Airbus A320 aircraft to lessors after suspending its operations on October 12.

Lessors had reportedly filed to deregister five of the A320s from the Civil Aviation Authority of Malaysia, with another five to be leased to AirAsia Bhd. – November 6, 2023.