Bombardier (Montreal and Toronto) has made this announcement:
Bombardier Commercial Aircraft and Fly Mojo Sdn Bhd announced today (March 17) 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.