Malaysian media are reporting that a Middle East-based investor has agreed to recapitalise and relaunch the insolvent MYAirline (MYM, Kuala Lumpur Subang).

Multiple outlets say the parties reached a deal in late December, with the LCC also reapplying to the Malaysian Aviation Commission (MAVCOM) and Civil Aviation Authority (CAAM) for the conditional reissue of the licences and certificates required to resume commercial flights. The identity of the investor was not disclosed.

“There are a few…

Source: ch aviation
Read more: Middle East investor to save Malaysia's MYAirline – reports