The story
The airline was a joint venture between private investors in Malaysia and South Korea, with 60%-40% holding respectively, it plans on specialising in Pilgrimage, Holiday and Business charters as well as ACMI operations on behalf of other airlines.
The company was set up in January 2012 and operated their first charter flight in February for a holiday group from South Korea to Malaysia, it was followed by Umra flights to Jeddah for a Malaysian Travel Agency under a six-month contract from March to mid September, flying Pilgrims from Malaysia, Southern Thailand and Indonesia.
The airline hoped to have 8 aircraft by the end of 2012, which include Boeing 737-400/Boeing 737-800, and up to 20 aircraft in the next 5 years. Their first Hajj service to Jeddah took off 21 September 2012.
On 20 December, The Edge reports that Eaglexpress Air Service Permit (ASP) has been revoked, and it shall have no effect from 21 Dec 2016, according to a statement issued by Malaysian Aviation Commission.
From Wikipedia’s article on Eaglexpress, shared under CC BY-SA 4.0.3