Premium private aviation firm RoyalJet and Malaysia’s Sapura Resources Berhad (SRB) have signed a conditional heads of agreement (HOA) for the potential acquisition of SRB’s aviation business at Subang International Airport.

RoyalJet intends to establish a presence in the Southeast Asian private aviation market by designating Subang International Airport as its regional hub for private charters and for their maintenance, repair, and overhaul (MRO) business. This strategic move represents RoyalJet’s geographic expansion into the Asian market, a statement said.

Mohammed Husain Ahmed, CEO of RoyalJet, sees this discussion with SRB as a solid foundation for building a stronger presence in the region. “We are keen to expand our business in Asia. The ongoing discussions with Sapura Resources Berhad’s aviation business offers promising opportunities”, he added.

“With support of the excellent bilateral relations of the two countries, we look forward on the discussions with RoyalJet,” said Dato’ Shahriman Shamsuddin.

Both companies believe that the proposed acquisition of SRB’s aviation arm by RoyalJet is in tandem with the current plans to rejuvenate the private aviation industry, which would directly benefit Selangor’s economic development around Subang airport.

Managing Director of Malaysia Airports Dato’ Iskandar Mizal Mahmood says that this potential deal between Royal Jet and SRB complements the efforts to rejuvenate Subang Airport.

“Our focus is to position Subang Airport as a premium city and regional airport, as well as further develop the general and business aviation sectors in Malaysia. The presence of Royal Jet in Subang Airport will create momentum in attracting more international aviation players into the ecosystem,” he said.