Malaysia SMEs bag US$17.2m potential sales at Le Bourget
PARIS: Malaysia has succeeded in showcasing its homegrown companies at the International Paris Air Show at Le Bourget, Paris, says International Trade and Industry Ministry.
The week-long air show, which ends on Sunday, brings together aerospace players from the world over to network, exhibit and converge new product ideas, knowledge transfer and training capabilities, among others.
The National Aerospace Industry Coordinating Office chief executive officer Shamsul Kamar Abu Samah said the Malaysian small and medium enterprises (SMEs) achieved US$17.2 million of potential sales from their participation at the event.
The 10 SMEs are from the EPP8: Developing SMEs in the Global Aerospace Manufacturing Industry Programme under SME Corp Malaysia.
These companies were identified to be further developed as part of the government’s initiative to expand the local aerospace supply chain.
A total of three memorandum of understanding (MoU) and one letter of intent (LOI) were signed during the event.
The major highlight is the Malaysia Airport Holdings Bhd’s signing with two companies, namely Gyeongnam Techno Park from South Korea on manufacturing (aero structures, components, tools and jigs) and MRO (Maintenance, repair and operations ) for aero-engine and components, and Denmark based Skyways Technics on the expansion plan within the Malaysia Airports’ aerospace ecosystem.
The LOI between Aerospace Malaysia Innovation Centre with Airbus and the French government’s Ministry of National Education will look into developing new innovative methods of training for aerospace engineers and blue-collar workers in Malaysia.
Malaysia continued its successful streak with Air Asia Group winning four awards at the 2017 Skytrax World Airline Awards held in conjunction with the air show.
Air Asia won the World’s Best Low-Cost Airline 2017, Best LowCost Airline in Asia 2017, World’s Best Low-Cost Airline Premium Cabin 2017 and World’s Best LowCost Airline Premium Seat 2017 awards.
Another notable event is the signing of an MoU between the Malaysia Aerospace Industry Association with the Taiwan Aerospace Industry Association on aerospace development, particularly in the area of human capital development, R&T, aerospace capabilities and business opportunities between Malaysia and Taiwan.