‘Alpha X’ partners with ‘MJets’ to Provide Thailand’s First Private Jet Financing

Wasin Saiyawan, Chief Executive Officer of Alpha X, a financial service provider for luxury vehicles covering cars, big bikes, yachts, recreational boats, and private jets, stated that under a business partnership and joint venture between Millennium Group Corporation (Asia) Public Company Limited (MGC-ASIA) and SCBX Co., Ltd. (SET: SCB), both parties had signed a Memorandum of Understanding (MOU) with Mjets Co., Ltd. (MJets), a provider of private jet service and general flying services to offer financial services for private travellers and general flying services, the first of its kind in Thailand.

Mr. Wasin stated that the signing with MJets will help build an ecosystem for both financial and private aviation businesses, while also providing customers with comprehensive services. 

The CEO also noted that private jet travel is a business that has growth potential, while also showing continuous growth. Currently, there are only a few financial institutions in the country that prioritize credit for this asset type. This led to the initiation of the private jet finance business in Thailand to expand and enhance wealth lending business for wealthy clients. The service will procure private jets and comprehensive asset management services to meet the clients’ needs.