MYAirline suspends operations, cites ‘severe financial challenges’

  • 📰 DailyExpress_MY
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 83%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

PETALING JAYA: Troubled carrier MYAirline has suspended operations effective immediately due to “severe financial challenges”.

In an internal email sighted by FMT, the company said it has “explored all avenues for potential partnerships and capital raising exercises” to rescue the airline.“Sadly, time constraints have left us with no alternative but to take this decision,” it said.

Meanwhile, the Malaysian Aviation Commission said it has put in place dedicated hotlines and channels to assist consumers affected by MYAirline’s suspension of operations. SPONSORED CONTENT Daily Express members: Enjoy 1 for 1 signature cocktails and more at Hyatt Centric Kota Kinabalu Kota Kinabalu: DAILY EXPRESS is partnering with Hyatt Centric Kota Kinabalu to offer an exclusive deal for our members. Read more MORE TO COME* Follow us on Instagram and join our Telegram and/or WhatsApp channel for the latest news you don't want to miss.* Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MYAirline suspends operations, cites ‘severe financial challenges’Affected passengers are urged to contact the airlines’ customer service channels for assistance.
Source: fmtoday - 🏆 5. / 72 Read more »

Cops bust online gambling in PaparPETALING JAYA: The possible shutdown of the country’s second low-cost carrier MYAirline will not be overly damaging to Malaysia Airports Holdings Bhd (MAHB), according to CGS-CIMB Research.
Source: staronline - 🏆 4. / 75 Read more »

Dr Wee and Tanjung Piai MP discuss Budget 2024 ahead of Parliament debatePETALING JAYA: The possible shutdown of the country’s second low-cost carrier MYAirline will not be overly damaging to Malaysia Airports Holdings Bhd (MAHB), according to CGS-CIMB Research.
Source: staronline - 🏆 4. / 75 Read more »

Healthcare Reform Commission a possibility, says Dr ZalihaPETALING JAYA: The possible shutdown of the country’s second low-cost carrier MYAirline will not be overly damaging to Malaysia Airports Holdings Bhd (MAHB), according to CGS-CIMB Research.
Source: staronline - 🏆 4. / 75 Read more »

Negotiations with Indonesia on domestic worker cost ongoing, says HR MinistryPETALING JAYA: The possible shutdown of the country’s second low-cost carrier MYAirline will not be overly damaging to Malaysia Airports Holdings Bhd (MAHB), according to CGS-CIMB Research.
Source: staronline - 🏆 4. / 75 Read more »

Former soldier charged with murdering wifePETALING JAYA: The possible shutdown of the country’s second low-cost carrier MYAirline will not be overly damaging to Malaysia Airports Holdings Bhd (MAHB), according to CGS-CIMB Research.
Source: staronline - 🏆 4. / 75 Read more »