Home English News Malaysia’s new airline, Flymojo to buy 20 bombardier aircraft for US$1.47 billion

Malaysia’s new airline, Flymojo to buy 20 bombardier aircraft for US$1.47 billion

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flymojo-600x360KUALA LUMPUR, March 17 – flymojo, a new Malaysian airline, has signed a deal with Canada’s Bombardier Commercial Aircraft to buy 20 CS100 aircraft for US$1.47 billion.

In a statement Tuesday, the parties, Fly Mojo Sdn Bhd and Bombardier, said they have signed a Letter of Intent for the sale and purchase of 20 CS100 aircraft with options for an additional 20 CS100 aircraft, in Langkawi today.

Upon execution of a firm purchase agreement, flymojo, which will be based out of Johor Bahru (Johor) and Kota Kinabalu (Sabah), is expected to become the first customer and operator of the CS100 aircraft in the region.

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“Based on the list price of the CS100 aircraft, a firm order would be valued at approximately US$1.47 billion and could increase to US$2.94 billion, should flymojo exercise all its options,” the statement said.

At the signing ceremony, flymojo was represented by Managing Director Datuk Janardhanan Gopala Krishnan and Bombardier Commercial by Regional Vice President, Sales, Asia-Pacific, Frank Baistrocchi.

Also present were Prime Minister Datuk Seri Najib Tun Razak, Transport Minister Datuk Seri Liow Tiong Lai, Deputy Transport Minister Datuk Aziz Kaprawi, Canada’s High Commissioner to Malaysia Judith St George, flymojo Chairman Datuk Seri Alies Anor Abdul and Vice President, Sales, China and Asia-Pacific Bombardier Commercial Aircraft Andy Solem.

“The announcement of a new airline in Malaysia is an exciting way to kick off Langkawi International Maritime and Aerospace Exhibition 2015.

“With flymojo’s primary hub at Senai International Airport and secondary hub in Kota Kinabalu, the airline’s ultra-modern fleet of CS100 aircraft will play a key role in improving connectivity between Peninsular Malaysia, Sabah and Sarawak and other parts of the region.

“In addition, as the only airline using the Southern Corridor as its headquarters, flymojo will transform Senai into a key regional aviation and logistics hub and augment the government’s initiatives in developing Iskandar Malaysia and the Southern Corridor,” he said.

– BERNAMA