LONDON – Genesis, an Irish-based and native aircraft leasing company announced the successful delivery of one A320 to MYAirline.
Pat Madigan Head of Commercial commented on the latest lease to their Malaysian client, “Genesis is delighted to work with Stuart and the MYAirline team to deliver this latest addition to their fleet.”
“We are proud to have completed this smooth delivery and added MYAirline as a valued customer. Genesis looks forward to supporting MYAirline’s future growth as air travel recovers in Asia”.
Stuart Cross, Chief Operating Officer of MYAirline stated, “We are excited to add another A320 aircraft to MYAirline’s fleet.”
“This aircraft by Genesis is a valuable addition as it is one of the earliest acquisitions into our fleet and will help us expand our route network, providing even more affordable travel options to our customers.”
“We are committed to playing our part in the tourism recovery in Malaysia, and with this addition, we are furthering our commitment to providing cost-efficient, high-quality service to our passengers.”
With an additional A320, the airline can now achieve better revenue performance and increase its competitiveness in the highly-saturated Malaysian market.
Genesis is a Dublin-based full-service aircraft lessor providing aircraft and engine leases to over 32 customers across the globe.
Genesis’ current fleet comprises 55 narrow-body aircraft as well as 22 engines. Moreover, Genesis was founded in 2014 by Barings, a leading global financial service firm.
MYAirline Sdn Bhd also known as MYAirline, formerly known as Z9 Elite Sdn Bhd, is the country’s newest low-cost carrier (LCC) that was founded in January 2021.
The airline hopes to disrupt the already saturated and established airline market in the country, crowned by Air Asia, followed by Malaysian Airlines, Malindo, and Firefly respectively.
MYAirline hopes to bring a progressive taste to the market by offering a chique image and a younger look to attract the growing demographics of younger travelers.
The airline currently has 4 Airbus A320s and is due a good handful more as part of its current steady growth plans.
With flights from Kuala Lumpur to Langkawi, Kuching, Kota Kinabalu, Kota Bharu, Penang, Sibu, Tawau, and Miri.
As expected the Malaysian low-cost carrier is rapidly growing its network within Malaysia, and by the second quarter of this year (2023), hopes to venture into the ever-competitive ASEAN region, by providing affordable travel with quality of services in mind.
The airline, with a modern trendy look, gives an innovative and sustainable taste to its branding, and across its products and services to ensure passengers are engaged with the brand.
The airline aims to be Malaysia’s best and favorite airline by conquering the already-established AirAsia.
With Air Asia operating more than 70 aircraft in Malaysia, whilst MYAirlines has 4 and a handful more to arrive, it will take some time for the new low-cost carrier to realize its dream.
Considering its ambitious goals, it did an excellent job in launching during the pandemic with positive reception.