PETALING JAYA: The government has shot down any chance of bailing out troubled airliner MYAirline after it ceased operations last week due to financial constraints.
“The bailout days are over. You know what I mean. You have to resolve customer issues ,” deputy transport minister Hasbi Habibollah said during the Special Chamber session at the Dewan Rakyat. He was responding to Lim Lip Eng who wanted the government’s assurance that Putrajaya would not come to the budget airline’s rescue.
Hasbi said the airline company is facing several challenges, including delays in finalising the sale of shares to investors, and the weakening value of the ringgit against the US dollar. “Most of MyAirline’s transactions are in USD, including aircraft leasing and fuel costs, which have seen an increase from US$113 per tonne to US$131 per tonne.”