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Malaysia signs aircraft deal with Bombardier for Cseries

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  • Malaysia signs aircraft deal with Bombardier for Cseries

    A new privately held Malaysian airline intends to buy 20 Bombardier Inc (BBDb.TO) CS100 aircraft for $1.5 billion (1 billion pounds), in what could be the Canadian planemaker's first order in Southeast Asia for its long-delayed CSeries passenger jet programme. The airline, called flymojo, could also buy 20 more aircraft, which would raise the value of the deal to $2.94 billion, according to a letter of intent announced on Tuesday at the Langkawi International Maritime and Aerospace show. The company has tried to sell the CSeries to Southeast Asian airlines such as Malaysia's AirAsia Bhd (AIRA.KL) and Indonesia's Lion Air, but it has been unsuccessful in the face stiff competition from Boeing (BA.N) and Airbus (AIR.PA) in one of the region's fastest growing airline markets. The airline will begin flying in the first quarter of 2016 and focus on regional routes, Managing Director Janardhanan Gopala Krishnan said, without disclosing details about its owners.


    The new airline is Flymojo
    Glad they ordered lots of Cseries!
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