RoyalJet LLC and Sapura Resources Berhad (SRB) have signed a conditional Heads of Agreement (HOA) for the potential acquisition of SRB’s aviation business at Subang International Airport.
RoyalJet intends to establish a presence in the Southeast Asian private aviation market, by designating Subang International Airport as its regional hub for private charters and for their maintenance, repair, and overhaul (MRO) business.
Mohammed Husain Ahmed, CEO of RoyalJet, expressed interest in the company’s growth prospects in Asia and sees this discussion with SRB as a solid foundation for building a stronger presence in the region. “We are keen to expand our business in Asia.
“The ongoing discussions with Sapura Resources Berhad’s aviation business offers promising opportunities”, he added.
“With support of the excellent bilateral relations of the two countries, we look forward on the discussions with RoyalJet,” said Dato’ Shahriman Shamsuddin.
Both companies believe that the proposed acquisition of SRB’s aviation arm by RoyalJet is in tandem with the current plans to rejuvenate the private aviation industry, which would directly benefit Selangor’s economic development around Subang airport.
Managing Director of Malaysia Airports Dato’ Iskandar Mizal Mahmood says that this potential deal between Royal Jet and SRB complements the efforts to rejuvenate Subang Airport, “Our focus is to position Subang Airport as a premium city and regional airport, as well as further develop the general and business aviation sectors in Malaysia.
“The presence of Royal Jet in Subang Airport will create momentum in attracting more international aviation players into the ecosystem.”
Deputy CEO of MATRADE, YBrs. Puan Sharimahton Mat Saleh said “Subang Airport’s mature ecosystem is already recognised as a regional MRO hub for general aviation. International players stand to gain many advantages from the cooperation with Malaysian MRO companies which will boost the exports of this high-value services in the region”.