OUR LOCAL AIR CARGO SERVICES (Transmile Air Services)

Transmile Air Services is a cargo airline with its head office in the Transmile Centre in the Cargo Complex of Sultan Abdul Aziz Shah Airport inSubang, Selangor, Malaysia.

It is an express freight and freighter charter company. The airline was established in November 1993. It has courier transportation services between Peninsular Malaysia and East Malaysia and services international companies such as DHL Worldwide Express, United Parcel Service,among others. Transmile also provides aircraft charters and wet leases specialists with experience operating cargo flights around the world. Transmile Air was designated a National Cargo Carrier by the Malaysian Transport Ministry in 1996. Transmile is a corporation listed on Bursa Malaysia or (Malaysia Exchange).

  BRIEF HISTORY OF TRANSMILE AIR SERVICES

1. Transmile began with one Boeing 737 and one Cessna Grand Caravan in providing air express transport service to Pos Malaysia Berhad for their courier business to East Malaysia in November 1993. It later developed into an international company and the only dedicated intra-Asian overnight express cargo operator in Malaysia. Their first Boeing 727 freighter service commenced in 2000 for the Kuala Lumpur/Penang-Bangkok-Hong Kong courier sector. It was an extended operation for their existing client, DHL International Limited. Over five years, owing to the increasing demand of freight services in the region, Transmile increased their Boeing 727 fleet to 10. As part of the strategy to expand their operations and network of connecting routes, Transmile acquired four MD-11s in 2005. They started the MD-11 operation for Kuala Lumpur-Hong Kong-Los Angeles sector in the third quarter of 2005. Transmile Group Berhad largest shareholder is part of the diversified international conglomerate, the Kuok Group. The Kuok Group has a Hong Kong based company, Kerry Logistics Network Ltd, which has an extensive logistics business in Asia.                                                                                       
2. From 2002 to 2006, Transmile provided air cargo service to Air Macau. Their subsidiaries are K-Mile Air of Thailand and now-defunct Megantara Air of Indonesia.           
3. In May 2007, Transmile shares saw a massive selldown following the company's announcement on 7 May 2007 concerning the reliability of its unaudited consolidated results for the financial year ended 31 December 2006, resulting from the Company's auditors not able to satisfy themselves on the fairness or validity of certain transactions. Consequently, the company commissioned a special audit relating to the matter. The Securities Commission had charged three former executives of Transmile Bhd, including its founder, with giving misleading financial statements.There three are ex-chief financial officer Lo Chok Ping, ex-executive director Khiudin Mohd and founder Gan Boon Aun, who resigned as chief executive officer in June 2007.He quit after Transmile had lodged a police report over false statements and documents on revenue, property, plant and equipment and payments to third parties as reported by Moores Rowland Risk Management Sdn Bhd in a special audit.                                                                                    
4. On August 19, 2009, Malaysia Airlines announces that its aircraft maintenance unit is planning to acquire Transmile engineering unit to achieve a revenue target of MYR500 million ringgit (US$140.9 million) for 2009. The plan involves the purchase of Transmile's base maintenance and engineering capabilities including 2 hangars, equipment, and employment of its skilled manpower.