SKS Airways says it is up to date with leasing payments for 10 Embraer E195-E2s

Malaysian airline denied financial problems, but is looking for new investors to accelerate the second phase of its expansion plan with another 20 jets. Delivery of the first E195-E2 has been postponed to the second quarter of 2024

Malaysia’s new carrier SKS Airways has denied any financial problems and reaffirmed its plan to launch services from Subang Airport in the central region of the capital Kuala Lumpur.

The airline responded to articles in local media that talked about the cancellation of flights, the search for investors and the premature departure of CEO Dzuleira Abu Bakar after just a few months in office.

SKS not only guaranteed that it made the payment to secure the 10 Embraer E195-E2 leased from Azorra, but also plans to have 20 more aircraft for its second phase of expansion.

“These claims are categorically false and reek of mischief,” the company said in a statement. “We have diligently managed our financial obligations, ensuring that all payments are made on time and in accordance with our commitments. We do not have any overdue payables, and we have taken great care to ensure that all our employees are fully paid and well taken care of care of without any exceptions”, added SKS.

The first two E195-E2 will be delivered in 2024 (SKS)

On Monday, Malaysian media articles stated that SKS had suspended flights with its two DHC-6 turboprops and that it had moved delivery of the first E195-E2 from January to Q2 2024.

The Business Times also commented on executive trips to the Middle East in search of investors to keep Embraer jet leasing payments up to date.

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SKS Airways, however, stated that flights with DHC-6 planes to Tioman and Redang islands were suspended due to climate change that “caused unpredictable weather
conditions”.

The lease agreement was signed at LIMA 2023 event (Embraer)

Regarding prospecting for investors, the company acknowledged having spoken to companies, but to accelerate phase 2 of its project from Subang, when the airport expansion is completed.

The airline, however, confirmed that the first E195-E2 will only arrive in the 2nd quarter. The reason, according to SKS, was caused by restrictions in the supply chain in the manufacture of the jets.

“We wish to reassure all our stakeholders that SKS Airways is on track and remains committed to realizing its next phase of growth,” stated the carrier.

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