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KUALA LUMPUR: According to its application to the Malaysian Aviation Commission (Mavcom) in February 2021, startup airline MYAirline Sdn Bhd will operate as a low-cost carrier (LCC) rather than an ultra-low-cost carrier (ULCC).
The company’s chief executive officer Rayner Teo Kheng Hock clarified this and said that the airline has no intention of running the business as a ULCC and that the term was merely “coined by another party early this year.”
“As an LCC and a new player in the market, cost efficiency is fundamental to us. Safety is, of course, our number one priority.
“We use technology and innovation to bring our costs down. We emphasise good quality of service for our passengers,” he said.,
On Dec 22, 2021, Mavcom approved the issuance of conditional approval for an air service licence to Z9 Elite Sdn Bhd, now known as MYAirline, for a period of one year until Dec 31, 2022.
The airline subsequently secured an air operator’s certificate from the Civil Aviation Authority of Malaysia with a permit valid from Oct 1, 2022 to Sept 30, 2023.
Incorporated in January 2021 with paid-up capital of RM2mil, MYAirline’s shareholders include Zillion Wealth Bhd, which holds an 88% equity interest, Trillion Cove Holdings Bhd (10%) and Teo (2%).
ULCC refers to an airline that offers relatively cheaper fares than LCC but doesn’t offer any amenities or services with their fares, including carry-on baggage.
Amenities or services on a ULCC will incur extra charges. — Bernama