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MYAirline in talks with new investors | Scoop

MYAirline — Since its sudden shutdown last year, MYAirline has been searching for new investors to revive the brand. – Abdul Razak Latif/Scoop pic, February 29, 2024

MYAirline in talks with new investors

News reports from earlier today said talks with a Middle East investor had collapsed

Updated 29 February, 2024

29 February, 2024

2:29 PM MYT

KUALA LUMPUR – MYAirline is in talks with “promising new investors” following “a sudden and unilateral termination” of a share purchase agreement by a Middle East investor.

The airline said this in a statement following a news report today that talks with the potential Middle East investor had collapsed.

“In respect of this termination, all options are being considered, including possible legal action,” MYAirline said.

Other potential investors have expressed an interest in reviving the brand, it added.

MYAirline said it is in “regular contact with all aviation regulators and we are committed to fulfilling any conditions and requirements mandated by the aviation regulators to regain its licences and resume operations.”

Earlier today, Transport Minister Anthony Loke said that the company which was interested in investing in MYAirline had cancelled its intentions. – February 29, 2024

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