KUALA LUMPUR, June 13 — Rayani Air appealed today to be allowed to operate under new management after its air operator certificate and air service licence were revoked.

Ravi Alegandrran, owner and CEO of the troubled Shariah compliant airline, claimed that negotiations with investors were at a peak and said the new management would be able to revive the company.

“To this end, Rayani Air Sdn Bhd will appeal to the MAVCOM and the DCA to give the second chance for [a] new investor to revive and manage the airline,” Ravi said in a statement, referring to the Malaysian Aviation Commission (MAVCOM) and the Department of Civil Aviation (DCA).

“The revocations came at the peak of our negotiations with investors for the acquisition of equity in Rayani Air in realisation that the present owners and their management are no longer fit to revive the airline.

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“The qualified and strong management team of the new investors would revive and manage the airline much better than us,” he added.

The DCA and MAVCOM had earlier today announced the revocation of Rayani Air’s air operator certificate and air service licence respectively, following an inquiry into the troubled airline’s commercial standing and safety aspects.

Rayani was suspended last April after it unilaterally halted operations when a pilot strike left it crippled. The DCA had suspended Rayani's air operator certificate over the unauthorised halt.

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The country’s first Shariah compliant airline has been beset by problems since it was launched less than a year ago last December, culminating in the strike by pilots over unpaid salaries.