Brunei’s Gallop Air Seeks Investors Following $2 Billion COMAC Order

Brunei-based startup Gallop Air is actively seeking investors as it prepares for its launch in the second half of 2024. The move comes shortly after the company’s announcement of a substantial USD 2 billion order for 30 aircraft from China’s COMAC.

Gallop Air’s CEO, Cham Chi, confirmed ongoing discussions with several prospective investors and is exploring collaboration and investment opportunities with the Brunei government and local entities. Talks with banks and lessors regarding funding for the aircraft acquisitions are also underway.

The order with COMAC includes a mix of ARJ21-700s, some configured for VIP use, ARJ21-700(F) freighters, and C919s. Upon delivery, Gallop Air is set to become the first operator of the C919 outside mainland China and the second non-Chinese operator of the ARJ21-700.

Owned and chaired by Chinese businessman Yang Qiang, through the Singapore-based Shaanxi Tianju Investment Group, Gallop Air aims to strengthen aviation ties between Brunei and China. The airline’s plans align with Brunei’s growing reputation for quality and branding in Asia and Oceania.

While specific details about the breakdown of the aircraft types in the order have not been disclosed, Gallop Air’s move is expected to enhance Brunei’s connectivity with China, potentially introducing new routes to destinations such as Nanning and Guilin. Currently, Brunei’s Royal Brunei Airlines serves Beijing Daxing International, Hangzhou, and Nanning in China.

Gallop Air’s pursuit of investment and strategic collaborations underscores its commitment to establishing a strong foothold in the aviation market as it gears up for its scheduled launch.