SUBANG JAYA: Datuk Allan Goh Hwan Hua remains the majority shareholder of MYAirline Sdn Bhd but he is actively looking to sell his stake in the financially-troubled budget carrier.
MYAirline interim accountable executive Datuk Seri Azharuddin Abdul Rahman said Goh is willing to relinquish all of his stake in order to sustain the airline.
"Datuk Allan Goh now is busy talking to our strategic partners for us to secure the required funding," Azharuddin said, adding that he could not share how much fund MYAirline needed to survive and restart its flight operations.
Azharuddin was speaking at a special press conference at MYAirline's headquarters here today.
The former director general of the then Department of Civil Aviation also confirmed there was an interested party who pulled out of the deal at the 11th hour on Oct 11, leading to MYAirline suspending all of its flights on Oct 12.
Asked if the party was Sarawak Premier Tan Sri Abang Johari Tun Openg's son Abang Abdillah Izzarim Abang Abdul Rahman, Azharuddin said he could not reveal the identity of the potential investor.
"I cannot reveal any of the names of the interested parties to take a stake in MYAirline or to whatever assistance they could give," he said.
Business Times reported on Oct 11 that MYAirline was close to securing a new investor, believed to be Abang Abdillah, to help the carrier weather a financial storm.
Azharuddin remained optimistic that MYAirline will be able to turn around and secure a new investor soon.
"We're not thinking about that (not being able to get a new investor and shutting down the company). We're very positive. I'm very optimistic (that) we would get back our licence," he said.
MYAirline's air operator certificate (AOC) was suspended by the Civil Aviation Authority of Malaysia (CAAM) for 90 days pending investigation by the aviation regulator.
Business Times had reported yesterday that at any time, the airline's AOC and ASL could be revoked by CAAM and the Malaysian Aviation Commission (Mavcom).
When asked if MYAirline had requested for an extension of its ASL, Azharuddin said the carrier has submitted the extension request and it is in the process of review by Mavcom.
Malaysian-based commercial air operators are required to obtain two licences, the AOC and ASL.
The AOC is issued by CAAM and the ASL by Mavcom. MYAirline's ASL is due to expire on Nov 14.