The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

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

Published Tue, Mar 17, 2015 · 04:19 AM
Share this article.

[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

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Transport & Logistics

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here