PETALING JAYA: Transonic Jet Sdn Bhd has embarked on a merger and acquisition with MY Jet Express Airlines Sdn Bhd, securing 90% of the latter’s shares, along with pivotal licences and certifications, in a deal valued at RM50mil.
In a statement, Transonic Jet said this deal is part of its broader commitment to enhance Malaysia’s airline industry, as the company is investing RM2bil in a four-phase plan.
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