MYAirline (MYM, Kuala Lumpur Subang), an insolvent low-cost carrier in Malaysia, has officially lost its Air Operator’s Certificate (AOC) as the Civil Aviation Authority of Malaysia (CAAM) has revoked it due to the airline’s financial issues. The decision came into effect on April 15, as reported by The Edge Malaysia, just a day after the deadline passed for the airline to secure new investment.
CAAM CEO, Captain Norazman Mahmud, was quoted stating that the revocation was carried out under Regulation 193 of the Malaysian Civil Aviation Regulations 2016, indicating a firm stance by the authority with no further extensions for the beleaguered carrier. This marks a definitive end to MYAirline’s operations which had already been suspended since October 2023, shortly after which its AOC was initially suspended.
Following this action by CAAM, the Malaysian Aviation Commission (MAVCOM), responsible for overseeing financial and commercial compliance in aviation, also terminated MYAirline’s Air Service Licence (ASL). This dual revocation of essential operational licenses means that any potential revival of the airline would require a completely new set of applications and approvals, essentially starting from scratch.
This development highlights the stringent regulatory environment in Malaysia’s aviation sector and the challenges faced by airlines in maintaining operational and financial compliance. For MYAirline, this decision closes the chapter on its attempts to continue operations amidst financial turmoil.
