Petaling Jaya: MMAG Aviation Consortium SDN BHD’s subsidiary MJETS Air SDN BHD, MMAG Holdings BHD’s aviation branch has acquired its second-owned aircraft, a boing B737-400SF.
This milestone follows the company’s first purchase from JPA No. 161 CO Limited (JPA) last month and underlines the Magets Air’s strategy to adopt a mixed lease and ownership fleet model, operating flexibility and cost efficiency Increases.
The acquisition was completed through a installment sales agreement with JPA, signed last Friday. The aircraft, which has been leased and operated by MJETS AIR for its air freight business from July 2021, will now infection for complete ownership. Strategic steps align with the long -term vision of MJETS Air to balance the benefits of the lease with the benefits of ownership, allowing the company to optimize the cost while maintaining the fleet scalability.
In a statement today, MJETS Air said that this acquisition does not increase the size of the current fleet, it represents an important step in MJETS AIR’s fleet change strategy. From selectively leasing major assets to ownership, the company is better equipped to meet the increasing demand for air cargo services operated by e-commerce and regional business activities.
“This acquisition is another milestone in efforts to maintain a flexible and durable approach for the development of MJETS Air,” said Wu Kama Veng, the chairman of MJETS Air. “Our mixed lease and ownership model allows us to manage cost and operation strategically, ensuring that we remain competitive in the Asia-Pacific region providing unique customized solutions in the market.”
MJets Air said that it is committed to providing exceptional service and operational excellence through permanent development and strategic investments. The acquisition, it has been added, exposes the company’s attention on balanced operational efficiency with financial stability, strengthening its role as a major feeder operator in the regional air cargo ecosystem.
