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SMTrack Disposes Aircraft For US$1 Million

Business Today ·  Dec 6, 2024 17:56
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SMTrack announced that it had entered into an Aircraft Sale and Purchase Agreement with VGAS Aircraft Procurement BV to sell one used aircraft of Boeing 737-400 together with all installed parts, including Auxiliary Power Unit and landing gear relating for US$1 million or RM4.4 million.

VGAS Aircraft Procurement BV is a private limited company incorporated in the Netherlands with principal activities in aircraft
procurement, maintenance services, and flight department.

The group said the disposal of the aircraft is part of its strategic initiative to improve cost efficiency and reallocate resources for enhanced financial flexibility and operational alignment

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