Com­pany inks sub-lease agree­ment with Se­nai Air­port Ter­mi­nal Ser­vices

New Straits Times - - Business - LID­I­ANA ROSLI KUALA LUMPUR lid­i­ana@me­di­aprima.com.my

AERO Vision Asia Sdn Bhd (AVA) will spend up to RM53 mil­lion to set up an in­te­grated main­te­nance, re­pair and over­haul (MRO) fa­cil­ity at the Se­nai Air­port Avi­a­tion Park in Jo­hor.

AVA signed a sub-lease agree­ment with MMC Corp Bhd’s Se­nai Air­port Ter­mi­nal Ser­vices Sdn Bhd yes­ter­day to set up the fa­cil­ity.

It will cater for nar­row-body air­craft, pro­pel­ler re­pair, main­te­nance and over­haul, non-de­struc­tive test­ing of air­craft and air­craft paint­ing and fin­ish­ing works.

“We will be in­ject­ing up to RM53 mil­lion into the cre­ation of this in­te­grated MRO fa­cil­ity.

“The first phase will see an in­jec­tion of RM25 mil­lion and will be com­pleted by the third quar­ter of next year. We are also ex­pect­ing to in­ject an­other RM28 mil­lion in 2019,” said AVA chair­man Mo­hamad Zawani.

“We be­lieve this ven­ture will not only en­able us to move up the value chain but will also show­case our ca­pa­bil­i­ties to at­tract re­gional cus­tomers.”

In­ter­na­tional Trade and In­dus­try Min­is­ter Datuk Seri Mustapa Mo­hamed said the agree­ment marked an­other step to­wards ful­fill­ing Malaysia’s vision of cap­tur­ing a five per cent share of the global MRO mar­ket.

“As of now, the global mar­ket share of MRO is worth some RM400 bil­lion and we are aim­ing to cap­ture five per cent of that by 2030.

“We are al­ready the se­cond biggest MRO hub in this re­gion and we are confident that as more deals in this na­ture are signed, we will be able to achieve our vision.”

The avi­a­tion park is a 17ha devel­op­ment within the Se­nai Air­port for MRO and fixed-base op­er­a­tor ac­tiv­i­ties, man­u­fac­tur­ing and assem­bly cen­tre, gen­eral avi­a­tion ac­tiv­i­ties and avi­a­tion train­ing.

AVA was es­tab­lished in 2008 to sup­port clien­tele in the pro­cure­ment of air­craft parts and equip­ment, provision of ground han­dling ser­vices and avi­a­tion au­dit.


Aero Vision Asia Sdn Bhd chair­man Mo­hamad Zawani (left) ex­chang­ing doc­u­ments with Se­nai Air­port Ter­mi­nal Ser­vices Sdn Bhd chief ex­ec­u­tive of­fi­cer Md Der­ick Basir af­ter the sign­ing of a sub­lease agree­ment in Kuala Lumpur yes­ter­day. With them is In­ter­na­tional Trade and In­dus­try Min­is­ter Datuk Seri Mustapa Mo­hamed.

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