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Obama and Najib witness inking of three MoUs

KUALA LUMPUR: US President Barack Obama and Prime Minister Datuk Seri Najib Tun Razak witnessed the signing of several commercial deals between Malaysian and American companies worth US$ 2bil (Rm6.45bil) in the aviation, biotechnology and insurance sectors.

The first memorandum of understanding inked at a hotel here yesterday was for a US$ 1.5bil deal between GE Aviation and AirAsia X Bhd for 80E1 engines to power AirAsia X’s 25 new Airbus A330-300 aircraft.

The second was for Sime Darby Bhd to take a 30% stake worth US$ 30mil in San Diego-based biotech company Verdezyne.

The third MoU was for a partnership betwee…
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