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 Myairline suspended all operations, Kesian

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cablesguy
post Oct 12 2023, 08:31 AM

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QUOTE(ozak @ Oct 12 2023, 07:45 AM)
Airline business are very competitive. Not easy profit.

Why this stupid people invest in it.
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Something to do with cleaning and clothing
cablesguy
post Oct 12 2023, 09:23 AM

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QUOTE(bereev @ Oct 12 2023, 09:11 AM)
hailt liao Anthony Loke kena again semua salah DAP
something is political attacking behid DAP when we all know near to Cabinet reshuffle

very fishy who can call business ppl come attack DAP , just week ago business association attach Penang chief, cannot run out of long time control party Gerakan MCA holding jand behind?
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That was under previous govt right?
cablesguy
post Oct 12 2023, 10:55 AM

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Questions is, how can a person with so many questionable companys allowed to start and operate an airline, an industry thats tightly regulated? And still walking free i presume, mesti banyak pagar protecting.
cablesguy
post Oct 12 2023, 11:09 AM

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QUOTE(submergedx @ Oct 12 2023, 11:06 AM)
This issue actually not very hard.
The main reason they suspend is because they are running out of fund.

By logically, they still can operate back once the fund back in, where rumours that will takeover by Sawarak Abg Jo's son.
Currently the company not yet bankrupt, but i guess soon to be la, since all has discovered the main stakeholder are ponzi scheme.
Nobody are confident with it even some other company take over.

The operations/management has zero issue, as you see many ktards had flight experience with them, has credit them, of course not a perfect low cost carrier.
They just having a cash flow issue, which unable to pump from main stakeholder.
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Still doesnt answer how a director of a company fined and iinm blacklisted by no less than BNM be allowed to own an airline. Well Malaysia boleh, and end up rakyat suffer.
cablesguy
post Oct 12 2023, 12:53 PM

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QUOTE(submergedx @ Oct 12 2023, 11:19 AM)
He is not.
Rayner Teo Kheng Hock has only 2% in MYAirline.
The rest 98% goes to Goh Hwan Hua, via two private entities, Zillion Wealth Bhd. (88%) and Trillion Cove Holdings Bhd(10%).

Rayner has never related to any ponzi. He is the scapegoat here.
And the ponzi has never proved, until last month BNM fining them.

True, rakyat are always the one who need to suffer, no matter ponzi or airline linkup.
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Was referring to the Goh guy, who is under BNM investigation, not the ex ceo who is Not under any investigation. I believe the ex CEO was just doing his job, wrong place wrong time kinda thing.


cablesguy
post Oct 12 2023, 10:01 PM

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QUOTE(ralyon @ Oct 12 2023, 04:55 PM)
Many posts in /k already warned about this company during their startup.
Thd question is why even common ppl can red flag it but they still can get permit from government.
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I would very much like to know the answer myself.
cablesguy
post Oct 13 2023, 03:56 PM

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QUOTE(yed @ Oct 12 2023, 04:28 PM)
After all cuci duit done..time to let go ..no need to consider staff welfare
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Smaller investor, staff and customer also kena cuci kau kau.
Bet you they still staying in nice houses, driving expensive cars, wearing expensive watches, traveling wherever they want, eating whatever they want.
cablesguy
post Oct 16 2023, 11:03 AM

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Sorrry to say this, for those looking for refunds, dont put your hopes up too high.

 

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