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