CAA extends MYAirline's AOC suspension amid investor talks

The Civil Aviation Authority of Malaysia (CAAM) has suspended the air operator's certificate (AOC) attached to MYAirline (MYM, Kuala Lumpur Subang) for a further three months amid reports officials from Malaysia's transport ministry have met with potential investors.

CAAM has extended the suspension to April 14, 2024, and told local outlets that any relaunch would be contingent on multiple conditions, including having a minimum of two aircraft. MYAirline's leased A320-200s have all been taken off the Malaysian aircraft register. Four have been placed at other airlines and four put onto the Cayman register while stored or undergoing maintenance. They include:

Avolon supplied 9M-DAJ (msn 2968) is now re-registered as VP-CBJ and stored at Jakarta Soekarno-Hatta;
SMBC Aviation Capital supplied 9M-CAN (msn 3349) is now re-registered as VP-CAU and stored at Kuala Lumpur International;
Avolon supplied 9M-DAL (msn 4013) is now re-registered as VP-CBK and stored at Jakarta Soekarno Hatta;
Aircastle supplied 9M-DAF (msn 4070) is now placed at AirAsia (AK, Kuala Lumpur International) and retains the same registration;
Aircastle supplied 9M-DAG (msn 4088) is now placed at AirAsia and retains the same registration;
Genesis Aircraft Services supplied 9M-DAD (msn4098) is now re-registered as EC-OFH and placed at Vueling Airlines (VY, Barcelona El Prat);
Aircastle supplied 9M-DAB (msn 4126) is now placed at AirAsia and retains the same registration; and
Aviation Capital Group supplied 9M-DAC (msn 5661) is now re-registered as VP-CBF and undergoing maintenance at Woensdrecht.

Meanwhile, Malaysian Transport Minister Anthony Loke says his ministry has met with potential investors in MYAirline but also says his ministry is focused on compliance. He said the commercial aspects of any agreement were a matter for the investors and MYAirline. Under Malaysian law, foreign investors can own up to 49% of a locally registered entity. The minister also noted that any investor interest had yet to progress past talks, with the government's aviation agencies not receiving formal applications to date.