Airbus now owns 100% of Sepang Aircraft Engineering
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.