Friday 08 Dec 2023
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KUALA LUMPUR (Nov 6): Cash-strapped MYAirline Sdn Bhd (MYAirline) has issued a clarification regarding the status of its leased aircraft and licence, to address several inaccuracies and misinformation that have been disseminated through various media outlets.

In a statement on Monday, the low-cost airline said that only six out of ten of its aircraft had been deregistered by its lessors, contrary to certain reports stating that the airline is left with no aircraft as all had been returned to its lessors.

“Out of the ten aircraft previously under MYAirline's management, it has been confirmed that six aircraft have been deregistered by our lessors,” it said.

MYAirline said that 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 organisation [CAMO],” it said.

It noted that this is not a recent development as its aircraft have been under lessor control since Oct 13. 

“We are actively engaged in discussions with our lessors with the intention of retaining these aircraft once the recapitalisation process concludes,” it said.

MYAirlines also clarified that its air service licence was suspended on Nov 1 by the Malaysian Aviation Commission (Mavcom), and not revoked as reported by certain media outlets.

“MYAirline maintains the perspective that the suspension of our licences serves the interests of our organisation, given our historical track record in maintaining a strong operational environment, especially in terms of technical, safety and operational aspects,” it explained.

It added that “the suspension necessitates that MYAirline demonstrates its capacity to operate independently and achieve the financial capability to regain full certification and the reinstatement of its licences”.

On Oct 12, MYAirline caught the market by surprise as it suspended its operations after just 10 months due to financial pressures faced.

Edited ByLee Weng Khuen
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