CEO: MYAirline plans to go public by 2026

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CEO: MYAirline plans to go public by 2026
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SUBANG JAYA, April 3 — Malaysia’s newest low-cost airline, MYAirline Sdn Bhd aims to be listed on Bursa Malaysia Securities Bhd in the next three years, said chief executive...

SUBANG JAYA, April 3 — Malaysia’s newest low-cost airline, MYAirline Sdn Bhd aims to be listed on Bursa Malaysia Securities Bhd in the next three years, said chief executive officer Rayner Teo.

“Technically, we are operating with five aircraft today and an additional one, which hit a delay in delivery recently. We are pushing very hard so that the operation will be back to normal,” he said. “By April, the ninth route will be operational, connecting Kota Kinabalu to Tawau, an intra-Sabah route. We will be exploring other domestic sectors as well and the team has been busy doing market studies for Sandakan and Bintulu,” he explained.

Teo also foresees strong demand for air travel post-COVID-19 and the aviation industry has made a healthy come back recently, especially within the region. On sustainability efforts, he said being green has been one of the main agenda in operating the airline, with the setting up of document management system as the first move to go paperless, followed by bringing in the first eco-friendly and ergonomic aircraft seats in the country.

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