Previous reports that MYAirline (MYM, Kuala Lumpur Subang) is looking at Airbus A320s for its fleet requirements have been confirmed by the company’s recruitment advertising.
MYAirline Chief Operating Officer and Executive Director Stuart Cross said the Malaysian startup is looking to employ experienced A320 captains and co-pilots at its base at Kuala Lumpur International. Cross was not immediately available for more information.
This tallies with a previous report by Asian financial service provider, CGS-CIMB Research, that MYAirline has signed deals to lease two A320s.
The company is also recruiting cabin crew and other key personnel through its website.
As reported, MYAirline recently received conditional approval for an Air Service License (ASL) from the Malaysian Aviation Commission (MAVCOM). The license has been conditionally approved for 12 months, effective from January 1, 2022, to December 31, 2022.
According to the Companies Commission of Malaysia (SSM), MYAirline was incorporated on January 11, 2021, with paid-up capital of MYR2 million ringgit (USD478,000). The shareholders are Zillion Wealth Bhd (88%), Trillion Cove Holdings Bhd (10%), and Rayner Teo Kheng Hock (2%).
The entry of MYAirline and fellow newcomer SKS Airways (KI, Johor Bahru) has received mixed reaction, reports the New Straits Times. While some analysts say it will rejuvenate local aviation, others believe the market is already saturated amid tepid travel demand following COVID-19.
The new startups may also threaten low-cost AirAsia (AK, Kuala Lumpur International), which has been battling with losses of USD1.47 billion over the last two financial years.
The Malaysian domestic market is already contested by six existing airlines, including AirAsia, Berjaya Air, Firefly, Malaysia Airlines and its subsidiary MASwings, and Malindo Air, according to the ch-aviation schedules module.
