Cash-strapped Malaysian budget carrier MyAirline abruptly suspends operations, stranding passengers
Malaysian budget carrier MyAirline has abruptly suspended operations, citing financial pressures less than 11 months after it took to the skies
By News Desk
Published - Oct 12, 2023, 01:36 AM ET
Last Updated - Oct 12, 2023, 05:58 AM EDT
Passengers of Malaysia's budget carrier MyAirline were left stranded at airports after the airline abruptly suspended operations Thursday after a mere 11 months of operations.
The carrier cited cited financial pressures for the decision that led to angry scenes involving frsustrated passengers in airports across the country.
The airline's board of directors has in a statement apologized to the stakeholders for the "extremely painful decision" made necessary by "significant financial pressures," the Associated Press has reported.
The board statement said it was has become necessary to suspend operations pending the company's recapitalization.
