COLLABORATION TO BOOST HUMAN CAPITAL DEVELOPMENT
Malaysia, Indonesia aircraft component manufacturers seek to win more jobs from Airbus, Boeing, Rolls Royce
AIRCRAFT component manufacturers in Malaysia and Indonesia will collaborate to boost human capital development, which will help them win more jobs from big names like Airbus, Boeing and Rolls Royce.
“Malaysia and Indonesia are exploring the development of indigenous aircraft programmes in addition to being key component producers for commercial airplane companies like Airbus and Boeing,” said Malaysia Aerospace Industry Association (MAIA) president Naguib Mohd Nor after the memorandum of understanding signing ceremony between MAIA and Indonesia Aircraft Component Manufacturer Association (Inacom), which was represented by its president Andi Alisjahbana.
The signing ceremony, witnessed by Malaysia External Trade Development Corp (Matrade) representatives, was held in conjunction with the third edition of the Kuala Lumpur International Aerospace Business Convention 2018, (KLIABC 2018) here, yesterday.
Malaysia’s aerospace manufacturing exports are seen to top RM9 billion this year, from last year’s RM8.49 billion.
“We should see at least a five per cent export growth from last year as orders for the manufacture of aircraft components are increasing,” said Naguib.
Malaysia’s aerospace exports surged to RM8.51 billion last year, with the main exports being parts and components, particularly for wings, empennage and aircraft fuselage.
Meanwhile, the three-day KLIABC 2018, which began yesterday, is organised by Matrade in collaboration with MAIA and ABE France.
Some 150 aerospace industry organisations from 21 countries are participating.