Jentayu's RM9bil offer to buy Penerbangan Malaysia, plans new Fly JD airline


Serious bid: Feriz (left) and Shukor at the press conference. Feriz says the company will present its proposal to Khazanah today.

SHAH ALAM: The top brass from Jentayu Danaraksa Sdn Bhd will present its latest proposal to Khazanah Nasional Bhd today to buy Penerbangan Malaysia Bhd (PMB) and turn it into a global aircraft leasing firm in a deal worth up to RM8.75bil.

Jentayu also has plans to set up a new airline, Fly JD, that would offer premium economy services in Asean. Both the leasing and airline businesses may be able to absorb the more than 6,000 employees that Malaysia Airlines (MAS) will axe as part of Khazanah’s resuscitation plan for the national carrier.

Limited time offer:
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Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

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