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Transmile Group Berhad (Main Market)

TRANSMILE GROUP BERHAD

Transmile Group is one of the companies operated under the Kuok Brothers Sdn Bhd group, which is led by its chairman Robert Kuok Hock Nien, the richest man in Malaysia. Transmile is a scheduled all-cargo airline company which started its air service in 1993 where a year later, it became a one aircraft operation that offered services mainly for the national postal and courier company Pos Malaysia Berhad. This is where Transmile was responsible for delivering express mail and parcels between West and East Malaysia and today, it is still very much the primary business.

It operates a fully integrated centre in Subang Airport in Kuala Lumpur where Transmile is self-sufficient enough to handle its own maintenance, warehousing, cargo handling as well as other related services. Apart from that, it also offer third party services that covers aircraft maintenance, warehousing and ramp handling services in their base.

Today, Transmile operates nine Boeing 727-200F and three 737-200F aircrafts as well as an international cargo complex in its facilities. It is a scheduled airline designated by the Ministry of Transport of Malaysia where it also encompasses other subsidiaries through Transmile Air Services, Transmile Air Services (Engineering Division), Transmile Spares, Transmile Ground Handling Services and its Flight Training Centre (FTC).

Transmile has been embroiled in controversy once when its chairman Tun Dr Ling Liong Sik when he was the chairman of the company had overstated its revenue by RM530million. This took place for the financial years of 2005 and 2006 when Transmile reported that they incurred pre-tax losses of RM126million and RM77million for 2006 and 2007 but the real figures were actually RM207million and RM120 million. This caused problems for its main customer POS Malaysia as it owned some 15.3% in the company. This was at a time when Ling was the Transport Minister and he eventually quit active politics and is currently being charged for fraud in the PKFZ (Port Klang Free Zone) scandal.