The suspended airline, MYAirline says it is still in talks with new investors after a sudden and unilateral termination of a Share Purchase Agreement by an investor from the Middle East.
The beleaguered company said in respect of this termination, all options are being considered including possible legal action.
It said other potential investors have expressed an interest in reviving the brand, known for its commitment to reliability.
The airline company has assured that it is in regular contact with all aviation regulators and committed to fulfilling any conditions and requirements mandated by the aviation regulators to regain its licenses and resume operations.
MYAirline has its license suspended after the airline ran out of funding which it announced on the eleventh hour causing much mayhem to passengers who had bought flight tickets and were even at the airports. To date it had yet to refund customers for any of the purchased tickets.
