KUALA LUMPUR, Nov 15, 2024 - (ACN Newswire via SeaPRwire.com) - PT TransNusa Aviation Mandiri signed a Memorandum of Understanding (MOU) with AIROD Aerospace Technologies Sdn Bhd, establishing a strategic alliance with the Malaysian aircraft Maintenance, Repair and Operations (MRO) service provider.In addition, TransNusa also signed a Standard Ground Handling Agreement (SGHA) with AIROD for Technical Handling of its aircrafts at Subang Airport. TransNusa became the first foreign airline to received approvals and start scheduled flights from Jakarta to Subang in August, this year. The airline currently operates daily scheduled flights from Soekarno-Hatta International Airport, Jakarta to Subang Airport.TransNusa Group Chief Executive Officer, Datuk Bernard Francis said “Today’s MOU and SGHA will initially focus on the provision of MRO services by AIROD for our Airbus A320 aircraft family.He added that as stated in the MOU, AIROD will plan, develop and conduct dedicated inspections and maintenance work for TransNusa’s A320 family of aircrafts in Malaysia, starting December, this year.“This is not a small undertaking as it reflects TransNusa’s commitment to passengers in ensuring that our aircraft operate at peak performance, adhering to the highest standards of safety and efficiency,” said Datuk Bernard, emphasising the importance of an MRO provider for an airline.The signing of the MOU and SGHA took place at H76, AIROD Complex, Subang, Selangor. Datuk Bernard signed the MOU and SGHA on behalf of TransNusa while AIROD Aerospace Technology CEO, Datuk Firhad Uzir Abdul Rahim signed on behalf of his company.Established in 1976, AIROD is one of Asia Pacific’s oldest MRO service provider. Since its privatisation in 1995, the company has provided MRO-related services to 76 customers, with a combination of commercial and military aircrafts, from 33 countries.“As such, we acknowledge and appreciate AIROD’S vast experience and strength in providing world class quality depot level maintenance, aircraft customization, and modifications, which also includes structural and avionics upgrades,” said Datuk BernardDatuk Bernard stressed, “This MOU is a crucial first step towards the development of a Maintenance Support Agreement, which will detail the binding commitments of both parties. Until then, this MOU represents our dedication to working collaboratively, exploring all viable options, and striving for operational excellence.”Datuk Firhad presenting a memento to Datuk Bernard to mark the event.On why TransNusa has partnered with AIROD, Datuk Bernard said, “AIROD has been a leading Maintenance, Repair, and Overhaul (MRO) service provider in Malaysia for more than a decade and is known for delivering high-quality services.“AIROD specializes in a range of MRO-related services such as in base maintenance, inspections, modifications, refurbishments, corrosion control and repair, operational checks, and crash damage repair for aircrafts including the Boeing B737 series (Classic & NG), ATR 42/72 family, and A320 family,” Datuk Bernard said, adding that AIROD is also certified by the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA) for MRO services, with approvals from 8 other National Aviation Authorities (NAA) across the Asia-Pacific region.“With such a strong foundation, we are happy to partner with AIROD to ensure that our aircraft are always at optimum level of performance,” Datuk Bernard stressed.He added that AIROD also has a list of impressive local customer base including AirAsia Group, Batik Air, Kargo Xpress, Firefly, Berjaya Air, Raya Airways, and MyJets.“Our passengers trust us to get them safely from one destination to another, and this trust must be earned and maintained. By partnering with AIROD, we are reaffirming our commitment to safety and ensuring that our aircraft maintenance is in the hands of one of the most reputable MRO providers in the industry. This will empower us to focus more on our core mission of delivering seamless and exceptional travel experiences to our customers.” Datuk Bernard said.TransNusa, which had to close it business operation in September 2020 due to impact of the Covid-19 pandemic on the aviation industry, started operations again after injection of new shareholders and management team led by Malaysian-born aviation industry veteran, Datuk Bernard Francis, in October 2022.Within 6 months, under the leadership of Datuk Francis, the airline introduced its first international route between Jakarta and Kuala Lumpur and celebrated its first-year anniversary for this route on April 14, 2024. In August, this year, TransNusa became the first international airline to operate daily scheduled flights from Subang airport to Jakarta.Since the change in management team, TransNusa has been contributing and changing the aviation landscape in Indonesia. It has been making headlines in Indonesia, Malaysia, Singapore, China and around the world with news of being the first airline in Indonesia and the world to develop and introduce a new domestic route connecting Bali and Manado. TransNusa also became the second Indonesian airline to receive approval to fly to China and provided its passengers with more pricing and route options to China.In October, the airline yet again experienced another milestones by becoming the first Indonesian airline and second airline in the world to launch scheduled flight from Manado to Guangzhou, China.Primary Media ContactTrina Thomas Raj0124992672trina@myqaseh.orgAbout TransNusa TransNusa Airline, is a Premium Service Carrier. After the take-over, in February 2024, the airline rebranded itself from being a Low-Cost Carrier to a Premium Service Carrier in line with its upgraded aircrafts that offers better comfort as well as based on the flexibility and quality of the services offered. TransNusa, which received its AOC certification on 9th September 2022, launch its first three A320 operations on 6th October, 14th October and 12th December, 2022. The airline, which became the first outside of China to utilise Comac, received its first ARJ21 on 22nd December, 2022. In 2023, TransNusa introduced a new business model making it the first Premium Service Carrier in the Asia Pacific region. TransNusa introduced its first international flight on 14th April, 2023. The airline is currently based in Jakarta Soekarno-Hatta International Airport.The airline currently flies to Yogyakarta and Bali. On the international front, TransNusa flies to Singapore, Guangzhou, Kuala Lumpur and Johor. The airline became the second Indonesian airline to fly to China and the first Indonesian airline to launch a Premium Service Carrier business model.Passengers can book their flights on the TransNusa website (www.transnusa.co.id), through authorized travel agents in Singapore, Malaysia and Indonesia, or by contacting the airline's customer service centre at, +62216310888. For the Singaporean market, passengers can contact TransNusa’s General Sales Agent, Chariot Travels Pte Ltd, at +65 86602719 while for the Malaysian market, passengers can contact MKM Ticketing Travel & Tours Sdn Bhd at +60378312581. Copyright 2024 ACN Newswire via SeaPRwire.com.

SINGAPORE, Nov 15, 2024 - (ACN Newswire via SeaPRwire.com) - While most credit cards offer common benefits like fraud protection, they may differ based on their features and benefits. Before applying for a particular credit card, it's helpful to understand the different types of credit cards and how they work. Explore the different types of credit cards below.Travel Credit CardsTravel credit cards offer opportunities to earn and/or redeem rewards against travel purchases. For example, the Citi PremierMiles Card lets cardmembers earn 1.2 Citi Miles for every S$1 spent locally and 2.2 Citi Miles for every S$1 spent in foreign currency. Enjoy two annual complimentary airport lounge visits and get up to S$1 million in insurance coverage. While the exact benefits of a travel credit card may vary, travel cards provide exceptional value for people who travel often.Rewards Credit CardRewards credit cards help cardmembers earn points with every swipe and are an excellent choice for people who want more from their shopping experiences. Some rewards cards offer points with every purchase, others offer bonus rewards when cardmembers shop from categories like fuel, groceries, dining, entertainment, etc. The Citi Prestige Card earns rewards on all local and overseas spends and offers premium experiences like lounge access, golf privileges, concierge services, complimentary night hotel stay worldwide and more.Cash back CardsCash back cards provide cardmembers cash rebates on eligible transactions, making them a great option for people who prioritize savings. Some cash back cards allow redemption through shopping vouchers while others allow cardmembers to apply cash back toward credit card bill payments. Citi offers four different cash back credit cards that offer a range of benefits suited to different lifestyles and preferences. This includes the Citi Cash Back+ card where there is no cap on cash back earned and cash back earned does not expire.Business Credit CardsCorporate or business credit cards are created to simplify payments for businesses. They help business owners create a separate line of credit for their company, enable fast and seamless payments, and offer rewards like points or cash back. Business credit cards can help with expense tracking and management while offering exclusive privileges and deals to cardholders like complimentary travel insurance and corporate liability waiver insurance. Citi offers three business credit cards that offer exceptional benefits and discounts on restaurants, travel bookings and more.Student Credit CardStudent credit cards offer young adults the chance to build credit and enjoy great deals. The Citi Clear Card has no minimum income requirement and allows cardmembers to earn rewards on every purchase and enjoy the safety of secure transactions. Student credit cards are one way for first time cardholders to learn how credit works, make the best of rewards programs like ThankYou rewards, and get an array of discounts through Citi World Privileges.Choosing the right credit cardRemember that it's vital to compare credit cards to properly identify the best fit. Here are a few things to consider before applying for a credit card:Benefits and rewards: Aspiring cardmembers should identify areas where they spend the most and find a credit card that rewards those purchases. Bargain hunters can prioritize credit card rewards programs that favour spending on fuel, groceries, entertainment, and dining. Adventurers and business travellers may travel often enough to justify a travel credit card to earn miles and get airport lounge access.Fees and interest: Credit cards carry annual fees, and premium cards may have higher fees than basic cards. Usually, the annual fees will give additional perks back to the customer in the form of points or miles. Card applicants should be informed about fees and charges before applying for a card.Reward complexity: Many cardmembers miss out on opportunities to redeem their points because they don't understand the redemption process. A complex rewards program with category-specific benefits or many redemption rules may not be for everyone. A simple program with no minimum spends and a flat cashback rate on all or most purchases is ideal for many people. It's also important to understand when rewards expire.The right credit card can make purchases and payments easier and more rewarding. But it's important to consider the pros and cons of credit cards, carefully read the terms and conditions, and consider individual needs before making a suitable choice.Citibank SingaporeCitibank Singapore offers consumers and institutions a range of financial products and services, including consumer and investment banking, credit cards, and personal loans. Citibank Singapore aims to deliver holistic and innovative solutions to clients and meet the increasingly complex strategies of its regional client base in the APAC in an ever-changing financial landscape.The content reflects the view of the author of the article and does not necessarily reflect the views of Citi or its employees. Please read the products and offers on Citibank Singapore website for accuracy or completeness of the information presented in the article.Name: Sonakshi MurzeEmail: Sonakshi.murze@iquanti.comJob Title: ManagerSOURCE: iQuanti Copyright 2024 ACN Newswire via SeaPRwire.com.

KUALA LUMPUR, Nov 15, 2024 - (ACN Newswire via SeaPRwire.com) - Cropmate Berhad (“Cropmate” or the “Company”), a key player in the conventional and specialty fertiliser manufacturing industry in Malaysia, is pleased to announce the launch of its prospectus for the upcoming initial public offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).Ms. Lee Jim Leng, Group Managing Director and Chief Executive Officer of Hong Leong Investment Bank Berhad; Mr. Lee Chin Yok, Managing Director, Cropmate BerhadThe IPO aims to raise RM42.0 million through the issuance of 210.0 million new shares at a retail price of RM0.20 per share. The proceeds from the IPO will be allocated as follows:RM17.1 million for working capital to support Cropmate's growing operations. RM16.7 million to part finance the purchase considerations of Factory Lot 8949 and Factory Lot 8950 where Cropmate’s operations are located. RM3.2 million for capital expenditure including setting up of a Research and Development (“R&D”) and test laboratory. RM5.0 million to defray listing expenses.Managing Director of Cropmate, Mr. Lee Chin Yok, stated, “This is a defining moment for Cropmate with the launch of our prospectus. As the first-ever pure-play fertiliser company to be listed on Bursa Malaysia, this IPO represents our commitment to enhancing agricultural productivity and sustainability in Malaysia. With the proceeds, we aim to expand our R&D capabilities and continue to innovate in the fertiliser industry. We are excited about the opportunities this IPO opens for Cropmate as we strengthen our presence in the Malaysian agricultural sector.”He further added, “Our focus on expanding our R&D capabilities and securing strategic assets aligns with our long-term vision of becoming a leading force in the industry. The additional working capital will also provide us the necessary resources to meet the rising demand for high-quality fertilisers, especially amongst the durian orchards and oil palm plantations, while ensuring continuous innovation and excellence in our operations.”Group Managing Director/Chief Executive Officer of HLIB, Ms. Lee Jim Leng, expressed her support, stating, “Cropmate is well-positioned to capture the growth in Malaysia’s agricultural sector, especially with its focus on innovation and sustainability, which allows them to play a pivotal role in strengthening food security as our population continues to grow. Their strategic initiatives, backed by a strong operational foundation, ensure that Cropmate will continue to thrive and lead the fertiliser industry moving forward.”Cropmate’s growth is anchored in its expertise in the formulation and blending of conventional and specialty fertilisers, as well as trading of straight fertilisers. The Company’s commitment to supporting farmers with innovative, high-quality fertilisers has established it as a trusted name in Malaysia’s agricultural industry.Hong Leong Investment Bank Berhad is the Principal Adviser, Sponsor, Underwriter and Bookrunner.About Cropmate Berhad (“Cropmate”)Founded in 2018, Cropmate Berhad is an established fertiliser manufacturer and supplier in Malaysia, specialising in the formulation and blending of conventional and specialty fertilisers. With a focus on innovation and sustainability, Cropmate offers a wide range of products designed to enhance agricultural productivity, including compacted and blended fertilisers, as well as semi-organic, organic, and liquid fertilisers. Led by industry veterans with decades of experience, Cropmate is committed to supporting farmers in improving crop yield and quality. As the first pure-play fertiliser company listed on Bursa Malaysia, Cropmate continues to advance its mission of contributing to the growth and sustainability of the agricultural sector.For more information, visit https://www.cropmate.com.my/Issued By: Swan Consultancy Sdn. Bhd. on behalf of Cropmate BerhadFor more information, please contact:Jazzmin WanEmail: j.wan@swanconsultancy.bizWilliam YeoEmail: w.yeo@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.