Malaysia is getting a new airline called flymojo

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A new Malaysian airline, flymojo, Tuesday inked an agreement to buy 20 CS100 aircraft from Bombardier Inc., giving the Canadian manufacturer its first customer for the plane in Southeast Asia.

A joint statement said the deal, signed in preliminary form on the sidelines of an airshow in northern Langkawi island, is worth $1.47 billion based on the CS100's list price. Flymojo also has an option to buy another 20 of the same plane, which would increase the list price value to $2.94 billion.

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Flymojo, which is expected to be a full-service carrier, is entirely owned by Malaysians but officials declined to give details. Read more...

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from MashableThe Associated Press