New private jet: Govt still the owner

Left Hand Right Hand

Modified 29 Jan 2008, 10:21 am

I refer to the malaysiakini report PM: I did not buy a private jet about the PM 'clarifying' that the government did not buy the Airbus jet but was merely leasing it from Penerbangan Malaysia Berhad which owns the aircraft.

I find these assertions bizarre and very confusing.

PMB is 100-percent-owned company of Finance Ministry and if PMB already has bought the aircraft, why is the government then leasing it from them?

The plane is still government owned in the end. And why did PMB buy it in the first place?

Isn't this all the same, only merely a pushing of paperwork around? It's akin to saying that 'No, the car is not mine but I am leasing it from my wife'.