#MYAirline is in talks with promising new investors after a sudden and unilateral termination of a share purchase agreement by an investor from the Middle East

In respect of the termination, all options are being considered, including possible legal action

Other potential investors have expressed an interest in reviving the brand

Read more: https://www.malaymail.com/news/malaysia/2024/02/29/myairline-in-talks-with-new-investors/120662

#airplane #aircraft #aeroplane #airplanes #aircrafts #aeroplanes #airline #airlines

It is reported that #MYAirline which abruptly ceased all of its operations on 12 October 2023, has successfully secured and finalised a sale and purchase agreement (SPA) with a new #investor from the Middle East

However, the investor’s identity remains undisclosed

The #airline can now move forward in resuming its operations by the middle of 2024

The first action item hopefully is the #payment of #salaries and #refunding #passengers

Read more: https://www.lowyat.net/2024/314323/myairline-middle-east-investor/

#airplane #passenger

MYAirline Reportedly Secures New Investor From The Middle East #debt #investor #middleeast #myairline #refunds #salary #transportation

https://www.lowyat.net/2024/314323/myairline-middle-east-investor/

MGNews: Kami Kena Halau Dari Rumah, Kereta Dah Kena Tarik! - Pekerja MYAirline Luah Rasa Kecewa

#malaysiagazette #MYAirline

https://malaysiagazette.com/2023/10/31/mgnews-kami-kena-halau-dari-rumah-kereta-dah-kena-tarik-pekerja-myairline-luah-rasa-kecewa/

Peguam itu akan dipanggil semula untuk menyambung rakaman percakapan.
#mgperak #myairline #iserve

https://mgperak.com/peguam-kes-i-serve-myairline-dibebaskan-dengan-jaminan-polis/

Authorities Investigate Possible Link Between MYAirline Money Laundering Case And i-Serve Transactions #fraud #graft #i-serve #laundering #myairline #news

https://www.lowyat.net/2023/309735/myairline-i-serve-laundering-graft/

The suspension of operations on Thursday (Oct 12) by Malaysian budget carrier MYAirline should provide an important lesson for regulators in Malaysia.

While it is not unusual for an airline to cease operations, particularly a start-up airline, it is unusual for regulators not to be aware of airlines’ financial issues, and not to hold regular discussions with struggling airlines.

Read more: https://www.channelnewsasia.com/commentary/malaysia-myairline-budget-carrier-suspend-operations-lessons-collapse-3849096

#MYAirline #airline #aircraft #airplane #aeroplane #flight #regulator #finance

On 12 October, passengers arrived bright and early for their scheduled flights, only for there to be no sign whatsoever of staff and crew.

Hours and hours of waiting later, MYAirline finally came out with an update, the gist of it is that they’re flat out broke.

Business Times reported that a potential investor had pulled out at the very last minute, but there's more to it.

Read more: https://cilisos.my/myairline-allan-goh-scam/

#MYAirline #broke #AllanGoh #airline #scam #aircraft #airplane #aeroplane #flight

Kes MyAirline: 15 pelabur saman ahli perniagaan, empat syarikat
#mgperak #myairline

https://mgperak.com/kes-myairline-15-pelabur-saman-ahli-perniagaan-empat-syarikat/

Tune Protect offers goodwill payout of up to RM200 for affected MYAirline passengers #airlines #digitallife #myairline #myairlinesuspension #news #transport #travelinsurance #tuneprotect #tuneprotectinsurance

https://soyacincau.com/2023/10/17/tune-protect-goodwill-payout-rm200-affected-myairline-passengers/