If you are a low-cost airline enthusiast, this news might shock you. MyAirline announced that it will suspend its service from 12 October 2023 onwards until further notice. According to the company, this was done due to significant financial pressures.
In addition, this decision was taken with the recapitalisation and shareholders restructuring in mind. The company also apologised for the inconvenience caused and advised customers to reach out to them via [email protected], and their support team. Plus, the Board of Directors for MYAirline said:
"We deeply regret and apologize for having to make this decision as we understand the impact it will have on our loyal passengers, dedicated employees and partners. We have worked tirelessly to explore various partnership and capital-raising options to prevent this suspension. Unfortunately, the constraints of time have left us with no alternative but to take this decision."
The company also says that it is working hard to resume operations as soon as possible. Unfortunately, they are unable to commit to any timeline yet. We have yet to confirm more details on the subject. However, we hope that everything will be alright. A lot of occupational roles are at stake here.
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