New Malaysian carrier, Flymojo, has signed a letter of intent (LOI) with Bombardier for up to 40 CS100s.

The LOI comprises firm orders for 20 aircraft and options for 20 more.

List prices for the aircraft are at $1.47 billion for the firm orders, and at $2.94 billion if all options are fully exercised.

Malaysia's prime minister Najib Razak presided over the LOI signing, which is the first ever major commercial order announcement at the biennial Langkawi InternationalMaritime & Aerospace (LIMA) exhibition.

It is also the first CSeries order in Southeast Asia.

Flymojo, which has attained its air operator's certificate, says it hopes to start flying as soon as possible, and that it will become a "value" carrier. No specific details have been provided on the configuration of the CS100s.

Meanwhile, Bombardier’s vice president of sales in China and Asia-Pacific Andy Solem, adds that no fixed date has been set for the deliveries, nor a timeframe in place for the firming up of orders.