March 17, 2015
New airline flymojo signs LOI for up to 40 Bombardier CSeries airliners
Fly Mojo and Bombardier 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 US$1.47bn and could increase to US$2.94bn, should flymojo exercise all its options.