KUALA LUMPUR: Crecom Burj Resources Ltd (CBRL), a wholly-owned subsidiary of Crecom Burj Bhd, has signed a US$5bil (RM16.65bil) purchase agreement with Russia-based IRKUT Corp for the acquisition of 50 MC21 passenger aircraft.
IKRUT is the leading aircraft manufacturer in Russia.
CBRL is an investment company to establish and develop new business ventures/tie-up with foreign international companies.
The aircraft would eventually be leased out to airline companies, group chief executive officer of Crecom Burj, Mohamad Isa Abdullah said at the signing ceremony yesterday. At the same event, CBRL also signed a memorandum of agreement with IBH Investment Bank Ltd, which will act as......
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