|Current Status||Concept / Business Plan|
|Funding Required||RM1,000,001 to RM2,000,000|
|Description||Flight Simulator Centre is a place for professional pilots to use the simulator for the training purpose prior to Simulator Check by airline. The plan is to setup a new Airbus A320 simulator centre in Bukit Jelutong, Shah Alam. This simulator centre normally will operate from 8 am till 10 pm but can be extended overnight. Airbus A320 flight simulator training device will be sourced from Canada from a preferred supplier and takes 6 months – 9 months to manufacture and deliver.
In addition, this simulator centre can be used by general public to feel the flying experiences.
|Business Opportunity||Currently in Malaysia we do have only 1 simulator centre to fulfilled the demand. However, due to closure similar simulator centre in Singapore, this venture will be able to cater for both Malaysia and Singapore markets. Our aim is to provided simulator usage for the purpose of the simulator training / flight training / simulator check to professional pilots. The simulator can be dry leased or wet leased depending on the requirements by clients. AirAsia is the largest carriers having Airbus A320 in their fleet. Since A320 is the basic idea of the training it can be used by other airline operating Airbus A320 / A330 / A350 / A380 due to commonality on all Airbus fleets.|
|Revenue / Business Model||The standard usage of our simulator will be on an hour basis subjected to off working hours surcharge. The provisional base rate is expected around MYR 350.00 per hour and surcharges of 50% will be applied for after 10 pm simulator usage. At projected 50% capacity for 28 days plus 10% capacity for 28 days during operational and off operational hours respectively the turnover is expected around MYR 83,300.00 per month before expenses projected costs at 50% from the turnover.|
|Management Team||This simulator centre will be operated by a small team lead by Muhammad Shahir Sayyid as Company Director. In addition he will be doing his duty as Flight Simulator Instructor / Engineer. He has a knowledge and experiences on the simulator Software / IT infrastructures.|
|Company Background||Bukit Jelutong Flight Simulator Centre is currently a key business project by SHAHIR SOLUTIONS. Therefore, a new venture will be formed as new entity private limited firm. This will ensure investors involved in this project gain special benefits. This project required financing amount MYR 2,000,000. It is projected to be operational within 6-9 months upon securing the relevant simulator equipment. Based on projected ROI 120%-150% will be achieved within 5 years period. Turnover will be projected around 2 1/2 years in operation.|
|Funding Milestone||The proposed simulator centre is required around MYR 2,000,000 to be realised and mostly will be used for financing simulator equipment, rental, taxes and etc. It’s able fo financed for at least 12 months operations as contingencies plan. Company Director will be taking a basic pay of MYR 5,000.00 per month as a commitment to ensure the simulator centre operating without financial burden. Staffing expenses with at least 4-5 persons will be able to hire for daily operations. As Company Director will be involved as Flight Simulator Instructor / Engineer, staffing will be manageable. Monthly basic to the investors will be credited around MYR 5,000 – 10,000 as a part of our payments for the financing. By end of the financial period, profits will be credited based on the financial performances.|
|% Equity Allocation||50|
|Expected ROI||120%-140% base cost + profits 5 years period|
|Company Name||SHAHIR SOLUTIONS|
|Business Address||Suite 8.01-8.02, Menara CIMB, Jalan Stesen Sentral 2, Kuala Lumpur|
|Contact Person||Muhammad Shahir Sayyid|