MJets Limited (MJets) signed an agreement with Sersol Berhad (Sersol) on 30 June to launch private jet services in both Malaysia and Indonesia. Under the agreement, the two companies will set up a Joint Venture Company (JVC) that will offer aircraft charter services, ground handling services, and aircraft management in these two Southeast Asian countries.
“With 15 years of experience in private jet services and maintenance experts for the aviation industry, we believed that MJets has the capability and strategic approach to soar towards success with the develop[ment] and expansion of private jet services in Southeast Asia,” said Natthapatr Sibunruang, Chief Executive Officer of MJets. “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 is taking steps to expand our business into aviation, technology, sustainable energy, property development, telecommunication, and healthcare, elevating the company to new heights,” said Sersol Group Managing Director, Datuk Wira Justin Lim. “We believe the private jet charter aviation sector offers a blue ocean opportunity to enter Malaysia and Indonesia’s aviation sector. There is increasing demand within differentiated market segments desiring safe and reliable travel options easing travel complications.”
The global private jet market is expected to grow exponentially with the increase in travel demands, with the Asia-Pacific region remains as one of the world’s largest markets over the forecasted period of between 2022 to 2030.
Established in 2007, MJets is a Thailand-based business jet charter airline. The company’s fleet consists of Cessna Citation Bravo, and Cessna Citation X, as well as Gulfstream G200, and Gulfstream GV aircraft.
Sersol Berhad, which was listed on Bursa Malaysia in 2004 is one of Malaysia’s leading companies in the coating industry. The company’s main plants are located in Johor, while its business reach stretches from Malaysia all the way to Thailand.
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