Transport Minister to meet with MYAirline amid revival talks and Middle Eastern investor deal

PUTRAJAYA: Transport Minister Anthony Loke will be meeting with MYAirline today, that is expected to delve into details of a potential revival proposal in light of the carrier's reported success in securing a Middle Eastern investor.

He emphasised that any discussions regarding revival will be contingent on meeting two essential criteria; resolving refund issues and settling unpaid staff wages.

Bernama reported that the low-cost carrier inked a sale and purchase agreement (SPA) with a Middle Eastern investor in December 2023, with plans to recommence operations by mid-year.

"We are meeting them shortly, in fact, today. We want to hear from them to know what the proposal is and their current status.

"However, a few conditions will be imposed if they want to restart operations.

"First, they have to ensure that all the previous refunds are made. Secondly, whatever is owed (in terms of wages and claims) to the staff must be paid. If they can fulfil these two conditions, then we will start talking.

"Without these two, there is no way we can compromise," Loke said while pointing out that MYAirline must also observe safety standards and follow standard application procedures.

Also, when queried on whether the airline licence would still be majority-held (at least 51%) by Malaysians, Loke said that it is the country's policy one must adhere to.

"The Malaysian Aviation Commission (Mavcom) would go through a thorough process to ensure that. That is the (country's) policy, that is our law," he said.

Bernama reports suggest that, following the entry of the new investor, the airline has initiated the process of applying for a conditional air service licence (ASL) with the Malaysian Aviation Commission (Mavcom).

The subsequent stages involve securing the Air Operator Certificate (AOC) from the Civil Aviation Authority of Malaysia (CAAM) before obtaining a complete ASL for its operational activities.

MYAirline announced the suspension of its flight operations starting Oct 12 last year, citing financial pressures, less than a year into its operational tenure.

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