Air­bus now owns 100% of Sepang Air­craft En­gi­neer­ing

The Star Malaysia - StarBiz - - News -

PETALING JAYA: Sepang Air­craft En­gi­neer­ing Sdn Bhd is now an Air­bus SE unit af­ter the air­craft man­u­fac­turer took full con­trol of the air­craft main­te­nance com­pany by ac­quir­ing the re­main­der 60% stake.

The Toulouse, France-based Air­bus pur­chased a 40% stake in Sepang Air­craft back in 2011, ac­cord­ing to the Wall Street Jounal (WSJ).

WSJ quoted Lau­rent Martinez, Air­bus head of ser­vices, who said that the Euro­pean plane maker needed to boost ef­forts to gain scale given the size of the global fleet of air­craft in ser­vice grow­ing rapidly.

Air­bus’s pur­chase of the re­pair fa­cil­ity was aimed at strength­en­ing the Euro­pean com­pany’s plane-re­pair ca­pa­bil­ity in Asia and help­ing the com­pany in­no­vate how it ser­vices planes, Martinez was quoted by WSJ as say­ing.

The plant em­ploys around 500 peo­ple and has con­tracts with bud­get car­rier AirAsia, In­dia’s Indigo, and Scoot Tig­erair Pte Ltd, a dis­count unit of Sin­ga­pore Air­lines.

Both Air­bus and ri­val Boe­ing Co have been com­pet­ing to gain a greater share of the lu­cra­tive mar­ket for ser­vic­ing air­lin­ers.

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