An ASL allows the licence holder to conduct scheduled passenger and cargo services like those of Malaysia Airlines Bhd and AirAsia Group Bhd. Meanwhile, MYAirline's filing with the Companies Commission of Malaysia (SSM) revealed that it has two million shares at RM1 per share, amounting to RM2 million in paid-up capital. Financial backer linked to i-Serve Online MallAccording to sources, Goh is believed to be the financial backer of the new airline venture. Goh is also a 31.75% shareholder in i-Serve Online Mall Sdn Bhd, according to SSM filings. Subsequently, i-Serve Online Mall issued a statement via its lawyers three days later to request that BNM clarify its “vague and factually incorrect” statements.

Source: The Edge Markets January 18, 2022 09:35 UTC