Thursday 28 Mar 2024
By
main news image

SHAH ALAM (Dec 15): Aviation consultancy firm Jentayu Danaraksa Sdn Bhd, among the many companies that want to participate in reviving ailing Malaysia Airline System Bhd (MAS), wants to set up a new premium economy airline.
 
Speaking to the media, Jentayu director Shukor Yusof said the company had tweaked its US$2.5 billion (RM8.75 billion) revamp plan and decided to set up a new airline, called Fly JD, and to buyout loss making Penerbangan Malaysia Bhd (PMB), which currently leases aircraft to MAS.
 
Shukor pointed out that Jentayu has dropped its plan to takeover MAS Engineering Sdn Bhd and Firefly Sdn Bhd. “Our understanding is that the MRO (MAS Engineering) and Firefly (FlyFirefly Sdn Bhd) is not for sale, while PMB is loss making, we think that the deal would be attractive to Khazanah,” Shukor said.
 
According to Shukor, Jentayu will be meeting Khazanah Nasional Bhd to discuss its plan tomorrow. “We will be meeting with Khazanah’s officials tomorrow (Dec 16) at 5pm, to discuss on our proposal, but we are not sure if Tan Sri Azman Mokhtar would present (at the discussion),” replied Shukor when asked whether Azman would participate in the meeting.
 
Commenting on financing of the plan, Shukor said Jentayu was partnering with multi-national leasing companies; also the company has plan to raise fresh capital.

He did not reveal the names of the leasing companies.

Shukor said the new plan had taken into consideration of the public views, and the conversation between Khazanah and Tan Sri Abdul Aziz, who is the chairman of JDSB.

      Print
      Text Size
      Share