No findings to indicate financial distress in MYAirline during audit, says CAAM

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No findings to indicate financial distress in MYAirline during audit, says CAAM
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The aviation regulator says it has suspended the carrier’s air operator certificate for 90 days pending further investigations.

CAAM was criticised for having extended MYAirline’s AOC for two years on Oct 9, just three days before the low-cost carrier suspended its operations.

PETALING JAYA: A four-day safety audit on MYAirline earlier this year uncovered no signs of financial distress, said the Civil Aviation Authority of Malaysia . The aviation regulator today announced that it has suspended MYAirline’s air operator certificate effective immediately for a period of 90 days pending further investigations.

MYAirline suspended operations because of “severe financial challenges” on Oct 12, with about 125,000 passengers nationwide estimated to be affected by the suspension. While CAAM has been criticised for extending MYAirline’s AOC for two years on Oct 9, three days before it abruptly halted its operations, it said there were “no findings to indicate financial distress” during the safety audit carried out from May 29 to June 1 for MYAirline’s AOC renewal.

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