Malaysian spendingplan provider MYAirline has suddenly suspended operations, pointingout monetary pressures less than 11 months after it took to the skies
ByThe Associated Press
October 12, 2023, 1: 35 AM
An Airbus A320-200 airplane run by Malaysian spendingplan provider MYAirline taxing at Miri airport in Kuching, Malaysia, on March 26,2023 Malaysian spendingplan provider MyAirline quickly suspended operations Thursday, pointingout monetary pressures less than 11 months after it took to the skies. The unanticipated statement on social media captured lotsof by surprise and left mad guests stranded at the airport.(AP Photo/Vincent Thian)
The Associated Press
KUALA LUMPUR, Malaysia — Malaysian spendingplan provider MYAirline quickly suspended operations Thursday, mentioning monetary pressures less than 11 months after it took to the skies. The statement on social media captured numerous tourists by surprise and left thousands stranded as 40 flights were canceled.
The airlinecompany askedforgiveness for the “extremely uncomfortable choice” however stated “significant monetary pressures” required it to suspend operations pending an ownership restructuring and recapitalization of the business.
“We have worked relentlessly to checkout different collaboration and capital raising choices to avoid this suspension. Unfortunately, the restrictions of time have left us with no option however to take this choice,” the airlinecompany’s board of directors stated in their declaration.
The relocation came simply days after the airlinecompany stated it was in sophisticated phases of finalizin