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Kryghizstan establishes airline
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Safuan is partner in Krygz International Airline
Published:
6/30/2000
The agreement by Malaysian property group Safuan to co-found Krygz International Airline with the Kryghizstan government was confirmed by the Dato Masthash Safuan, the company's head.
Discussions about the involvement of the company in the venture have been going on since November 1999, when Safuan signed a preliminary agreement to invest in the airline, in conjunction with the $3m contract to upgrade the second terminal at Mans Airport.
It was reported 1999 that the Kryghizstan President was so eager to have the Malaysians involved he was even prepared to ignore the law requiring Kryghizstan majority control of airlines if Safuan required majority control.
Article ID:
1900
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