KUALA LUMPUR, Dec 29 (Bernama) -- Malaysia will be transforming its private jet industry beginning 2023, as Sersol Bhd (Sersol) and MJets Limited (MJETS) signed a joint venture (JV) agreement to establish MJETS (M) Sdn Bhd, a Joint Venture Company registered in Malaysia to engage and operate a Fixed Based Operator(FBO) terminal for aviation-related business.

The announcement follows their Heads of Agreement (HOA) signing earlier this June, in a ceremony witnessed by the Yang Di Pertua of Melaka, Tun Seri Setia Dr Haji Mohd Ali Bin Mohd Rustam. The HOA highlighted a commitment to set up and become shareholders in private limited companies to be registered in Malaysia and Indonesia which will be in the business of private aviation, business aviation, aircraft handling, aircraft management, aircraft charter sales, private jet terminal and other aviation related activities.

“We are proud to have MJETS as our reliable partner for this initiative, as they have over 15 years of experience in private jet services. They are the maintenance experts in the aviation industry, and have the capability and strategic approach to expand private jet services in Malaysia and South East Asia,” said Datuk Wira Justin Lim, Managing Director, Sersol Berhad.

Under the business scope of the JV agreement, Sersol will acquire the required land, business licences, government approvals and other clearances to operate a private jet facility in Malaysia. Sersol and MJETS will also set up a JV company for private aviation, business aviation, aircraft handling, aircraft management, aircraft charter sales, private jet terminal and other aviation-related operations within six months.

”As the Malaysian Air Charter industry is still in its infancy, MJets multiple award-winning credentials will secure investor and consumer confidence as demand for world-class charter services is strong,” he added.

Datuk Wira Lim further elaborated MJETS (M) Sdn Bhd anticipates strong demand for their private charter flights, as the ASEAN economy is fast expanding, with Malaysia and Indonesia emerging as a key hubs.

According to the Air Charter Services market report, the global Air Charter Services market is expected to expand at a CAGR of 12.0%, hitting USD 34,070 million by 2027.

Images relevant to the event can be found in the following link: https://we.tl/t-DmrP54p6W1
 
ABOUT MJETS LIMITED

MJets is Asia’s leading private charter services, offering impeccable traveling experience no matter when and where you wish to fly with trusted aircrafts partner worldwide and award-winning private jet terminal. The company was launched in the nineties by entrepreneur William E. Heinecke and was joined by veteran investor Kirit Shah, one of Thailand’s accomplished business leaders in 2007.

MJets rose onwards and upwards, expanding its fleet, establishing the first private jet terminal and Fixed Base Operation (FBO) facility in Thailand and moving into new markets including Myanmar Cambodia, Vietnam, Laos and India, and continuing to expand its portfolio of private aviation-centred business lines.

MJets repeats its performance awarded as the top best private jet terminal in Asia for the 7th consecutive year, as voted by Aviation International News (AIN) in 2022.  MJETs is accredited IS-BAO and IS-BAH level III, the World’s highest safety rating in private aviation and operators under strict regulations of the FAA (United States legislation) and Third Country Operator (TCO) by European Aviation Safety Agency (EASA: European legislation).

MJets provides seven distinct services; world-class aircraft charter service, FBO/private jet terminal, ground handling services, air ambulance services, aircraft management, aircraft maintenance & Aircraft on ground (AOG) services, consultancy aircraft sales & acquisition. MJets fleet includes Gulfstream V, Cessna Citation Bravo, Cessna Citation X and Gulfstream 200.

SERSOL BERHAD
Headquartered in Johor, Malaysia, Sersol Berhad is a public limited company incorporated in late 2002. Listed on the Bursa Malaysia Securities Berhad since 2004, the investment holding company is venturing into several new industries, including aviation, e-vehicles, renewable energy, property development, health care, organic food and green technology.

Issued by Twenty-Eight Degrees Sdn Bhd on behalf of Sersol Berhad.

Source : Twenty Eight Degrees

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Jessie Ooi
Tel: +6019 566 8448
Email: jessie@twentyeightdegrees.com.my 

--BERNAMA