Malaysia government in another airline company

From the Edge Markets:

NGKAWI (Mar 17): Malaysia's government on Tuesday announced the establishment of a new airline, called flymojo, and said it has signed a deal with Canadian planemaker Bombardier Inc to buy 20 CS100 aircraft for about $1.47 billion.

The announcement, made in the presence of Prime Minister Najib Razak at the Langkawi International Maritime and Aerospace (LIMA) exhibition, included an option to buy 20 more aircraft, taking the deal value up to $2.94 billion.

I'm not sure what is the reasoning behind this.  The industry economics don't really make sense for the government to be involved in another airline venture.

When it comes to companies that the government doesn't really have a natural monopoly over, for example airlines and autos, they've done just horribly.  It seems that Malaysia doesn't really learn from mistakes, but likely someone is getting rich off this deal in "commissions".  Hey, 1MDB is failing, but it's business as usual for a select few!