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.