LANGKAWI, MALAYSIA and MONTREAL, CANADA--(Marketwired)--Mar 17, 2015
- New airline, flymojo, announced at Malaysia's Langkawi International Maritime & Aerospace Exhibition (LIMA)
- flymojo is expected to become the first customer for CS100 aircraft in the region
- Bombardier has now received orders and commitments for more than 600 CSeries aircraft
Bombardier Commercial Aircraft and Fly Mojo Sdn Bhd announced today that the parties have signed a Letter of Intent (LOI) for the sale and purchase of 20 CS100 aircraft with options for an additional 20 CS100 aircraft.
The announcement was made in parallel with the Government of Malaysia's announcement at LIMA on a new airline, flymojo, which will be based out of Johor Bahru, Johor and Kota Kinabalu, Sabah.
Upon execution of a firm purchase agreement, flymojo is expected 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 $1.47 billion US, and could increase to $2.94 billion US, should flymojo exercise all its options.
At the LOI signing ceremony, flymojo was represented by Managing Director, Janardhanan Gopala Krishnan and Bombardier Commercial Aircraft by Regional Vice President, Sales, Asia-Pacific, Frank Baistrocchi.
In attendance were the Right Honorable Prime Minister of Malaysia, Najib Tun Razak, the Honorable Minister of Transport, Liow Tiong Lai, the Honorable Deputy Minister of Transport, Aziz Kaprawi, Canada's High Commissioner to Malaysia, Her Excellency Judith St. George, flymojo Chairman, Alies Anor Abdul and Vice President, Sales, China and Asia-Pacific, Bombardier Commercial Aircraft, Andy Solem.
"The announcement of a new airline in Malaysia is an exciting way to kick off LIMA. With flymojo's primary hub at Senai International Airport, Johor and secondary hub in Kota Kinabalu, Sabah, the airline's ultra-modern fleet of CS100 aircraft will play a key role in improving connectivity between the Peninsula and Sabah and Sarawak, as well as other parts of the region," said Deputy Minister of Transport, Aziz Kaprawi.
"In addition, as the only airline utilizing the Southern Corridor as its headquarters, flymojo will transform Senai into a key regional aviation and logistics hub - augmenting the government's initiatives in developing Iskandar Malaysia and the Southern Corridor. Further strengthening Kota Kinabalu's standing as a gateway into Malaysia, flymojo will also boost tourism into Sabah and Sarawak," added Deputy Minister Aziz.
"On behalf of the Government of Canada, I would like to congratulate Malaysia's flymojo and Bombardier Commercial Aircraft as they work together to bring the CSeries aircraft to Malaysia and the ASEAN region," said the Honorable Ed Fast, Minister of International Trade, Government of Canada. "As the travel needs in the region increase, Canada is committed to supporting the growth of economic ties between our two countries. As Minister of International Trade, I am pleased to see a Canadian company growing through exports, creating jobs and prosperity for all Canadians."
"Born of the desire to make air travel a much-anticipated and longed for experience, flymojo is dedicated to providing value, and exceptional customer service that will focus on putting the human touch back into flying," said flymojo Chairman, Alies Anor Abdul.
"We are confident that our model will resonate deeply with our passengers and that the use of the technologically advanced CSeries aircraft will transform the aviation industry in Malaysia and the region," added Mr. Alies.
"With its strategic market footing and unique operations, flymojo is an ideal match for the all-new CS100 jetliner," said Mike Arcamone, President, Bombardier Commercial Aircraft. "The CSeries family of aircraft will enable new airlines such as flymojo to cover markets efficiently thanks to its exceptional economics, operational flexibility and widebody comfort, coupled with an unmatched environmental and noise footprint.
"The CSeries family of aircraft's game-changing technology, and its two models - the CS100 and CS300 jetliners -- provide airlines the capability for natural progression in terms of market coverage and passenger capacity," added Mr. Arcamone.
About CSeries aircraft
Bombardier is creating the future with its CSeries aircraft -- the only 100 per cent-new family of airliners specifically designed for the 100- to 149-seat, single-aisle market. Benefitting from a clean-sheet design that includes leading-edge technology and systems integration, advanced materials and latest generation aerodynamics, the CSeries aircraft offer a 15 per cent* cash operating cost advantage, a 20 per cent* fuel burn advantage, exceptional operational flexibility, widebody comfort and an unmatched environmental and noise footprint.
The CS100 aircraft offers unmatched flexibility for many airline business models and is an ideal solution for hot-and-high and city-centre airport operations.
Bombardier has booked orders and commitments for 603 CSeries aircraft, which include firm orders for 243 CSeries airliners.
About Bombardier
Bombardier is the world's largest manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.
Bombardier is headquartered in Montreal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America Indexes. In the fiscal year ended December 31, 2014, we posted revenues of US$20.1 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
About flymojo
flymojo, operated by Fly Mojo Sdn Bhd, is a new airline targeting the travel market within ASEAN and the regions bordering it. flymojo was born out of the desire to make air travel a much-anticipated and enjoyable experience. flymojo aims to deliver value and exceptional service to our customers, and to put the human touch back into flying. flymojo intends to set the standard in passenger comfort, on time performance, inflight entertainment and communication, as well as in delivery of seamless services. flymojo will operate out of its primary hub at Johor Bahru, Johor and secondary hub at Kota Kinabalu, Sabah.
Notes to editors
Images of the CS100 aircraft in flymojo's livery are posted with this press release at www.bombardier.com
Follow @Bombardier_Aero on Twitter to receive the latest news and updates from Bombardier Commercial Aircraft.
* The CSeries aircraft are in the development phase. All data and specifications are estimates, subject to changes in family strategy, branding, capacity and performance during the development, manufacture and certification process. All performance references have been estimated based on a 500-nm North American operating environment and comparisons are to in-production aircraft.
Bombardier, CS100, CS300, CSeries and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.
Contact Information
Marianella de la Barrera
Bombardier Commercial Aircraft
+1-416-375-3030
www.bombardier.com
Tan Wai Fong
flymojo
+6017 3000 032
www.flymojo.com.my
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