Low-budget airline MYAirline is currently in hot water with many after they suddenly announced suspension of their operations earlier yesterday (12th
October). The decision has been frustrating for customers, but everyone is also wondering what happened to the once-budding airline.
On 9th October, the airline proudly announced they had managed to obtain a 2-year extension for their Air Operator Certificate . 'With this AOC extension, we hope to remain as your trusted partner for safe and reliable air travel! We're as committed as ever to fly you the best we can and hope to see you in the skies soon,' they stated in their post.
According to the Companies Commission of Malaysia , the paid-up capital of MYAirline was reportedly RM2 million, and consists of 2 million RM1 shares. International trade consultant Zillion Wealth Bhd previously had an 88% equity interest, while money lending and financing company Trillion Cove Holdings Bhd held 10%. Both are notably owned by local businessman Datuk Allan Goh Hwan Hua.
Rayner also announced his resignation from the company recently, citing health issue. However, prior to his resignation, MYAirline's chief financial officer and chief commercial officer had also announced their resignation.
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