Flymojo – has anyone heard of this new Malaysian airline?

Flymojo.

Anyone heard about the new Malaysian airliner being launched called Flymojo?

I cannot help but not take this at face value and believe this move is inextricably linked to the downsizing of MH. After all, how best to solve IR issues than to create another company and park the problem there right?

You'd imagine if there was real talent within commercial aviation in Malaysia, it would be directed to MH to solve that problem before another one is created, wouldn't you?

What are people's thoughts to this somewhat left field, farcical turn of events?

P.S: I'm sorry if I'm too cynical!

I did have something pop up in my facebook feed yesterday, I saw they signed a deal to buy something like 20 Bombadier aircraft.  It is an interesting way for the Malaysian's to take with the downturn with MH.

Isn't flymojo a start-up private operator (not an MH offshoot like say Go Fly was for BA)? As I understand it flymojo will just be flying Bombardier CS100 aircraft operating out of secondary airports with a much more regional area of operations. What direct involvement does MH have with flymojo?

I found a little bit about the ownership of the company in the Malaysian press (It would seem this has been in the works since 2011):

Managing director, Datuk Janardhanan Gopala Krishnan, told SunBiz that the company, which is backed by private equity funds, will look into sale and leaseback of aircraft of its fleet in a bid to keep the company asset light. Janardhanan was previously COO of Subang Skypark Sdn Bhd.

A quick search on Companies Commission of Malaysia (SSM) showed that Fly Mojo Sdn Bhd, the holding company of Flymojo airline, registered a net loss of RM8,433 with current assets totalling RM2.97 million in the financial year ended June 30, 2013. 

The company was registered on April 4, 2011 with an authorised and issued share capital of RM5 million and RM3 million respectively, divided into equal shares of RM1 each.

It has three direct shareholders, namely Azharuddin Satyapal Das Abdullah, Bulan Terang Sdn Bhd and Ismail Hue Kor, who holds 2.43 million shares, 300,000 shares and 270,000 shares, respectively.

The company has three directors, namely Janardhanan, Ismail Hue Kor Ming and Rada Palanisamy. All three are also directors in Bulan Terang, while Janardhanan and Ismail Hue Kor Ming are its shareholders.

Interesting...thank you gippsflyer.

As far as I know, Flymojo is a new airline based in Malaysia, which does not have any relationship with Malaysia Airlines (MH). Many people have misunderstood recent news and think that this company is an offshot or even a transformation of MH. The company has yet to operate, but it plans to have Senai Airport in Johor Bahru as its main hub. I believe the intention is to strengthen the air traffics between the east and west Malaysia and perhaps in the Southeast Asia region. Having said this, I'm not convinced that these routes will be profitable. I believe Firefly has covered them adequately. If we add, Malindo, Lior Air, Silk Air, MH, and Garuda Indonesia into the equation, it does not make sense to me to have another airline to essentially cover the same region, especially when its name is Flymojo ...

RYS,

You are right! It does not make business sense, which is precisely why I was cynical...

The joke goes "how do you turn a rich man poor? Start an airline" lol. God knows the landscape it littered with dead airlines, even here in Australia (Compass, etc).

If memory serves me correctly - Gopala Krishnan is the younger brother of Ananda Krishnan - who many believe to be Malaysia's richest man. I wonder if there's a link? 

Yes, this Gopala Krishnan is definitely a younger brother of Ananda Krishnan. So financially, the airline should be well taken care of. Who knows, if Malindo (part of Lion Air group) can do it, maybe Flymojo actually has a feasible business plan that we don't know about.