Thailand-based business jet charter airline, MJets, has signed an agreement with Sersol to set up a Joint Venture Company (JVC) offering aircraft charter services, ground handling services, aircraft management and the positioning of a fleet of private jets in Malaysia and Indonesia.
This partnership will bring positive revenue streams for both organisations with a 50/50 equity split. It is expected to improve travel options at competitive prices following its entry into the market.
MJet’s CEO Natthapatr Sibunruang said: “With 15 years of experience in private jet services and maintenance experts for the aviation industry, we believe that MJets has the capability and strategic approach to soar towards success with the develop and expansion of private jet services in South-east Asia. We are thrilled to come into an agreement with Sersol and look forward to the future development and long-term relationship of our partnership and this flagship project in Malaysia and Indonesia.”
Sersol Group’s managing director, Justin Lim stated the company is taking steps to expand its business into aviation, technology, sustainable energy, property development, telecommunication and healthcare. By adding the private jet charter aviation sector, it will offer Sersol an opportunity to enter Malaysia and Indonesia’s aviation sector.
Lim noted that “there is increasing demand within differentiated market segments desiring safe and reliable travel options easing travel complications”, and that this JVC will provide a strategic growth opportunity in tapping into this demand for private charters by high-net-worth individuals.