New Malaysian airline in $1.5 billion Bombardier deal

Flymojo, which is expected to be a full service carrier, is entirely owned by Malaysians.

By Ap, Afp

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Published: Wed 18 Mar 2015, 10:46 PM

Last updated: Thu 25 Jun 2015, 7:23 PM

Kuala Lumpur: A new Malaysian airline, flymojo, has inked an agreement to buy 20 CS100 aircraft from Canada’s Bombardier, becoming the first operator of the plane in the region.

A joint statement said the deal signed on Tuesday on the sidelines of an airshow in northern Langkawi island is worth $1.47 billion based on CS100’s list price. Flymojo also has an option to buy another 20 of the same plane, which would increase the list price value to $2.94 billion.

Flymojo, which is expected to be a full service carrier, is entirely owned by Malaysians but officials declined to give details. The statement said the airline will be operational in the first quarter of 2016, targeting Southeast Asian countries and their neighbours. 


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