Malaysia signs $1.47 bln aircraft deal with Bombardier for new airline

Mon Mar 16, 2015 10:51pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

LANGKAWI, Malaysia, March 17 (Reuters) - 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 $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 $2.94 billion.

The new airline will be based out of Johor Bahru, Johor and Kota Kinabalu, Sabah. (Reporting by Praveen Menon; Editing by Christopher Cushing)