LANGKAWI - A new Malaysian-owned airline, flymojo, was launched Tuesday at the Langkawi International Maritime and Aerospace (LIMA) 2015 exhibition.
The airline will be based out of Johor Baru and Kota Kinabalu, and is scheduled to start its operation in October this year.
Fly Mojo Sdn Bhd and Bombardier Commercial Aircraft have signed a letter of intent (LOI) for the sale and purchase of 20 CS100 aircraft with options for an additional 20.
The airline is set to become the first customer and operator of the CS100 aircraft in the region.
Based on the list price of the CS100 aircraft, a firm order would be valued at approximately US$1.47 billion (S$2 billion) and could increase to US$2.94 billion should flymojo exercise all its options.
At the signing ceremony, flymojo was represented by its managing director Datuk Janardhanan Gopala Krishnan and Bombardier by its Asia-Pacific regional vice-president (sales) Frank Baistrocchi.