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Malaysia signs US$1.47b aircraft deal with Bombardier for new airline

Tuesday, March 17, 2015 - 12:19
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Malaysia's government on Tuesday announced the establishment of a new airline, called flymojo, and said it has signed a deal with Canadian planemaker Bombardier Inc to buy 20 CS100 aircraft for about US$1.47 billion.

[LANGKAWI] Malaysia's government on Tuesday announced the establishment of a new airline, called flymojo, and said it has signed a deal with Canadian planemaker Bombardier Inc to buy 20 CS100 aircraft for about US$1.47 billion.

The announcement, made in the presence of Prime Minister Najib Razak at the Langkawi International Maritime and Aerospace (LIMA) exhibition, included an option to buy 20 more aircraft, taking the deal value up to US$2.94 billion.

The new airline will be based out of Johor Bahru, Johor and Kota Kinabalu, Sabah.

REUTERS

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