By KINIBIZ
Malaysia’s newest private airline, called flymojo, intends to buy 20 Bombardier Inc CS100 aircraft for US$1.5 billion (RM5.5 billion).
Flymojo can also exercise options to buy an additional 20 more aircraft, which would raise the value of the deal to US$2.9 billion, according to a letter of intent announced on Tuesday at the Langkawi International Maritime and Aerospace show.
The deal if firmed up will see Bombardier making its first sale of their CS1o0 planes into the Asia-Pacific region
The company has tried to sell the CSeries to Southeast Asian airlines such as Malaysia’s AirAsia Bhd and Indonesia’s Lion Air, but it has been unsuccessful in the face stiff competition from Boeing and Airbus in one of the region’s fastest growing airline markets.
flymojo MD Janardhanan Gopala Krishnan (L) and Bombardier Regional VP Frank Basitrocchi
The airline will begin flying in the first quarter of 2016 and focus on regional routes, flymojo managing director Janardhanan Gopala Krishnan said, without disclosing details about its owners. The full-service airline will be based at Senai International Airport in Johor with a secondary hub in Kota Kinabalu, Sabah
Bombardier builds private jets and smaller passenger aircraft that can seat up to 100 passengers, and has spent billions developing the CSeries, which can seat up to 160 passengers. This puts it in direct competition with the smallest variants of the Airbus A320 and Boeing 737 family of aircraft.
You must be logged in to post a comment.