MYAirline suspends operations, says due to 'significant financial pressures'

KUALA LUMPUR: MYAirline has suspended its operations effective Thursday (Oct 12) until further notice.

The airline said it made the decision because of significant financial pressures.

"It has made it necessary to suspend operations pending the shareholder restructuring and recapitalisation of the airline," it said in a Facebook post.

MYAirline's board of directors, in a statement on Thursday, said it regrets the decision and apologises for the impact it will have on its passengers, employees and partners.

"We have worked tirelessly to explore various partnership and capital-raising options to prevent the suspension.

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"Unfortunately, time constraints have left us with no alternative but to take this decision.

"We understand the inconvenience this may cause and are committed to assisting you.

The airline said it would be working tirelessly to resume operations as quickly as possible but, at this stage, could not commit to any timeline.

It said the public can reach out to [e-mail], and our support team will be readily available to provide their assistance.

"We are advising affected passengers to not head to the airport and seek alternative travel arrangements to their destinations," it added.