KUALA LUMPUR- Transport Minister Anthony Loke announced that the airline company, MYAirline, will have its license temporarily suspended.
The Civil Aviation Authority of Malaysia (CAAM) will give more information about this later today, Oct 16.
MYAirline isn’t shutting down completely. Instead, they’re pausing operations to seek additional investors.
Loke clarified that while this stems from a business concern, the authorities will be putting their license on hold. He shared this information after an event at the Malaysia International Trade and Exhibition Centre.
MYAirline was recently permitted by CAAM to continue its regular flights for another two years. However, their Air Operator’s Certificate ended on September 30. Moreover, their Air Service License from the Malaysian Aviation Commission (Mavcom) is set to expire on November 14, 2023.
MYAirline urged to be responsible
Minister Loke has urged MYAirline to uphold their duties towards both their staff and the passengers affected by this decision. It is imperative, he mentioned, for the airline to ensure refunds for affected travelers and to safeguard the well-being of its employees.
MYAirline is scheduled to address the public and media through a press conference later today. They aim to clarify their stance and offer assurances to their customers and workforce.
To recap, MYAirline’s operations came to an unexpected halt on October 12, pointing to financial constraints as the reason.
Minister Loke highlighted that this sudden move was made without prior notice to his office or Mavcom, leaving around 125,000 passengers, holding tickets worth RM20mil, in a lurch.