NEWS: MYAirline owner open to relinquishing stake

The Edge TV

MYAirline interim accountable executive director Datuk Seri Azharuddin Abdul Rahman says major shareholder Datuk Allan Goh Hwan Hua is willing to relinquish his entire shareholding in the carrier.

Transcript

00:00 Tertok Alan Goronaw is busy talking to our strategic partner for us to secure the required

00:06 funding.

00:07 So he is still the majority owner of this airline?

00:11 Correct. Currently he is still the majority owner.

00:15 Could you share who are the interested parties?

00:19 Unfortunately we cannot because we are still in the midst of negotiating with them. So

00:25 I cannot reveal the names of the investors.

00:31 So was it true that previously there was an interest from Sarawak, the Sarawak Premier

00:37 Sun?

00:39 I cannot reveal any of the names of the interested parties to take stake in my airline or to

00:51 whatever assistance they could give.

00:53 How much are they willing to divest and take?

00:57 How much is necessary? 100%.

00:58 100% also can?

00:59 Can.

01:00 Would you remain as a low cost carrier or you would relocate your business to the new

01:01 business?

01:02 Depends on the deal. Depends on the deal. Depends because if they take a majority stake

01:17 then they will propose what business model they are taking.

01:21 Is there a timeline where if you cannot find an investor, my airline may have to actually

01:32 really shut down?

01:34 We are not thinking about that. We are thinking that we are very positive and very optimistic

01:40 we will get back our licence.

01:41 [BLANK_AUDIO]

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