Bad mojo

23 March 2015 By Una Galani Follow @ugalani

A soon-to-be-launched Malaysian carrier, Flymojo, is the latest cloud in Southeast Asia’s overcrowded skies. More competition is the last thing a recovering sector needs. It’s a reminder that in aviation, overcapacity and financial losses are always just around the corner.

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Flymojo, a Malaysian full service carrier that is yet to launch, announced on March 17 that it has signed a letter of intent to purchase 20 CS100 aircraft from Canada’s Bombardier.

If the order is confirmed, it would be worth $1.47 billion based on the list price of the aircraft. That could increase to $2.94 billion if Flymojo exercises its option to purchase an additional 20 aircraft.

The airline’s primary hub will be at Senai International Airport and its secondary hub will be in Kota Kinabalu.

Flymojo is expected to start operations in October and will target travel within the members of the Assocation of Southeast Asian Nations (ASEAN) and bordering regions.

The airline is a private entity and 100 percent owned by Malaysians. The company has not provided any further details on its ownership structure or strategy.

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