MYAirline's CEO steps down citing health considerations

MYAirlines CEO Rayer Teo has stepped down from the role citing health considerations, according to a statement by the airline. Teo has helmed the company since its launch in December 2022.

Current chief operating officer Stuart Cross, a seasoned executive with an extensive background in aviation, will assume the responsibilities of interim CEO. Cross, MYAirline stated, has been an integral part of the executive team throughout the company’s journey so far which will ensure a seamless and immediate transition. The board of directors of MYAirline will appoint a new CEO in due course which will also be subject to regulatory approvals.

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A statement put out by the board said: "We extend our deepest gratitude to Teo for his outstanding contributions and unwavering dedication to MYAirline. We wholeheartedly support Rayner’s decision to prioritise his health and well-being.”

Concerns of operational stability were also addressed, with MYAirline stating that operations remain steadfast. It added that as the airline transitions from summer to winter flight schedules, it has proactively consolidated certain routes.

“This decision has been made in full transparency to ensure the best possible experience for our passengers. The situation has been further compounded by the delayed delivery of some aircrafts that were originally scheduled to be operational by now,” the statement explained.

In terms of its strategic partners, the company said that it is in the final stages of finalising strategic partnerships that hold significant promise for the growth of the airline moving forward.  

“The airline is confident that the dedicated team and leadership will continue to drive success as we continue to evolve and expand across the region,” the statement concluded.

The airline recently expanded into Bangkok in June, marking a significant milestone in the airline’s second phase of growth strategy.

“Bangkok was chosen as MYAirline’s first international destination due to the increasing numbers of both business and leisure travellers to and from Malaysia,” said Teo. “We are confident that this robust trend will continue as trade and tourism between Malaysia and Thailand will further develop in the coming years”, he added.

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