PETALING JAYA: MMAG Holdings Bhd
’s subsidiary, MJets Air Sdn Bhd, is acquiring its seventh aircraft, a Boeing B737-400SF Converted Freighter, from JPA No.161 Co Ltd for RM20.76mil cash.
MMAG said the aircraft purchase is part of the group’s strategic move to expand and enhance its air freight capabilities, providing greater control over its fleet and improving operational efficiency.
“By acquiring the aircraft, MJets aims to strengthen its competitive position and achieve cost efficiencies, which are essential to its continued growth and success in the aviation and supply chain sectors,” MMAG said in a filing with Bursa Malaysia.
In a separate statement, MJets Air chairman Woo Kam Weng noted that the acquisition marks a significant step forward in the firm’s mission to lead the regional air cargo market and strengthen its role as a key feeder operator.
