Malaysia allows two new airlines to function as business still reels from Covid-19

The civil aviation regulator of Malaysia has allowed the entry of two new airways even though the industry has been reeling from the catastrophic impression of the Covid-19 pandemic for greater than two years.
According to the Malaysian Aviation Commission (Mavcom), the newly based ultra-low-cost service MYAirline is about to begin its operations quickly because it has been granted an airline service licence (ASL) which is valid for 12 months from January 1 through December 31 this yr.
This is the second airline that’s about to launch after Johor-based SKS Airways was given an ASL on December 22 final yr, which will last for 36 months or three years. ASL permits each airways to function scheduled passenger and cargo services similar to these offered by Malaysia Airlines and AirAsia Group.
Up-sell ’s submitting with the Malaysian Companies Commission (SSM) stated that it has two million shares with a par value of RM1 every, totalling RM2 million in paid-up capital. The shareholders are reportedly recognised as Zillion Wealth (88%), Trillion Cove Holdings (10%), and Rayner Teo Kheng Hock (2%)..

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