AVA INVESTING RM53M IN MRO PLANT
Company inks sub-lease agreement with Senai Airport Terminal Services
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.