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HomePrivate Jet Operator Jet Valet's Corporate Links Raise Questions Following Fatal Crash:...

Private Jet Operator Jet Valet’s Corporate Links Raise Questions Following Fatal Crash: Report

KUALA LUMPUR – Recent revelations surrounding the private jet operator, Jet Valet Sdn Bhd, have shed light on the involvement of prominent corporate figures, whose other ventures have drawn the attention of authorities. According to official records from the Companies Commission of Malaysia (SSM), Jet Valet’s share capital of RM1 million is evenly divided between its two directors – Datuk Mohamed Ilyas Pakeer Mohamed and his son, Datuk Sulaiman @ Mohamed Helmi.

Both father and son hold RM500,000 worth of shares each and are the sole directors and shareholders of the company. Jet Valet was incorporated on December 15, 2020, amid the nation’s battle against the Covid-19 pandemic, with Sulaiman taking on the directorship role on the same date, and his father joining just two days later.

Remarkably, SSM records indicate that the company has no former directors or shareholders, with financial information labeled as “not available” in the documents. These records are dated as of February 5, 2023.

Jet Valet’s listed nature of business is intriguing, encompassing “food and beverage preparation in market stalls/hawkers; import of other general-purpose machinery NEC (not elsewhere classified); other service activities incidental to air transportation NEC.”

The tragic incident involving Jet Valet’s Beechcraft Model 390 aircraft occurred on August 17, claiming the lives of 10 individuals, including six passengers, two crew members, a Foodpanda motorcyclist, and a Grab car driver. Among the passengers was Datuk Seri Johari Harun, a Pelangai state assemblyman and former Pahang Local Government, Housing, Environment, and Green Technology Committee chairman.

The flight crashed just two minutes before its scheduled landing at Sultan Abdul Aziz Shah Airport in Subang, following its departure from Langkawi International Airport. Notably, no distress call was made before the sudden crash.

Jet Valet’s Datuk Mohamed Ilyas Pakeer Mohamed has a history of holding influential positions in other companies that have faced controversy. Most notably, he served as chairman of oil and gas services company Serba Dinamik Holdings Bhd (SDHB) until his resignation on November 25, 2021. SDHB alleged that his resignation was prompted by regulatory requirements imposed by Bursa Malaysia that would hinder his ability to carry out his duties in the company.