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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PETALING JAYA: A four-day safety audit on MYAirline earlier this year uncovered no signs of financial distress, says the Civil Aviation Authority of Malaysia (CAAM).

The aviation regulator today announced that it had suspended MYAirline’s air operator certificate effective immediately for a period of 90 days pending further investigations.The low-cost carrier had suspended its operations abruptly on Oct 12 because of “severe financial challenges”. The suspension is believed to have affected some 125,000 passengers who had bought tickets up to next year.

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 However, in a statement today, it said there were “no findings to indicate financial distress” during the safety audit carried out from May 29 to June 1 for the purpose of renewing the airline’s AOC.

“This is to ensure the air operator has the financial resources to conduct its planned operations,” it said.“Should a financial issue arise, a written notification to CAAM must be made immediately to ensure no compromise to the safety of operations.CAAM said the sudden suspension of MYAirline’s operations, without prior notification to CAAM, raises serious concern on public safety and the overall integrity of civil aviation operations in Malaysia.

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