Full service airline SkyJet (Magnum Air SkyJet, Inc.) is sold to media conglomerate Solar Group after the Civil Aeronautics Board (CAB) approved the transfer of its ownership to Thunder Air Aviation, Inc., subsidiary of Ronald C. Tieng's Solar empire.
Tieng was elected the airlines Chairman with Dino Carlo Chua as President, Capt. Ted Fojas as Chief operating officer and Atty. Theodore Sarmiento as Corporate Secretary.
Skyjet (M8) flies to Basco, Coron, Busuanga, and Caticlan with a fleet of 1 BAE 146-100 and 1 Dornier 328.