KUALA LUMPUR, Oct 31 — MYAirline Sdn Bhd today said that it has received over 15 proposals from potential investors, two of whom are in the advanced stages of negotiations. In a...
In a statement today, the airline said it is working around the clock to finalise a recapitalisation package to revive its operations. — Picture by Yusof Mat IsaKUALA LUMPUR, Oct 31 — MYAirline Sdn Bhd today said that it has received over 15 proposals from potential investors, two of whom are in the advanced stages of negotiations.
In a statement today, the airline said it is working around the clock to finalise a recapitalisation package to revive its operations. “This will also facilitate the reimbursement of monies to affected passengers as well as payment of salary and statutory dues,” it said in a statement today. The low-cost airline also reiterated that it has not terminated or placed any staff on unpaid leave since October 12, 2023, until to date.“We do understand the difficulties faced by our staff, and we would like to assure them that we are doing everything in our power to address their plight. We encourage our staff to cooperate with us in this difficult time as we have their best interests at heart,” it added.
The airline said that it aimed to make good on all refunds as soon as it received the recapitalisation package from its investors.
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