New Malaysian LCC gears up amid AirAsia listing concerns

A new low-cost carrier appears poised to enter Malaysia’s Airline market, according to a report in the country’s The Edge newspaper. The name of the new carrier will be MYAirline, says The Edge. The former name of MYAirline is 79 Elite, which has a Conditional Approval for Air Service License (ASL) from the Malaysian Aviation Commission. The commission’s web site indicates that the ASL will expire on 31 December. In a recent post on LinkedIn, independent aviation analyst Brendan Sobie stated that a new Malaysian carrier would launch in the first half of 2022 operating with leased Airbus A320s. A subsequent research note from Malaysian brokerage CGSCIMB notes that two A320s have already been leased. According to the The Edge, three MYAirline directors were previously senior figures in Malaysia’s aviation sector. MYAirline will apparently operate with an ‘Ultra-low-cost-carrier’ model.<br/>