The current political climate and government austerity measures in Malaysia mean that a number of programs for the Malaysian armed forces look likely to be postponed until the time frame of the 11th Malaysia Plan, which covers government spending for the period of 2016-2020. A combination of public dissatisfaction over the cutting of government subsidies and the government’s need to balance an increasing deficit has made spending on military procurement politically unviable at the moment.
Vector Aerospace Engine Services-Atlantic, a division of Vector Aerospace (Booth No. 6234), has signed a three-year extension of its current two-year engine services agreement with Canadian operator Air Georgian of Mississauga, Ontario. Vector provides Air Georgian with fixed-wing engine repair and overhaul support from its facility on Prince Edward Island, and also engine repair support from its Calgary, Alberta service center.
Malaysia’s National Aerospace and Defence Industries (NADI) and Lion Air parent PT Lion Grup of Indonesia plan to establish a new low-fare airline in Malaysia named Malindo Airways, the new partners announced Tuesday in Kuala Lumpur. Scheduled to start flights next May out of Kuala Lumpur International Airport’s regional transit hub, Malindo would compete directly with AirAsia–the biggest low-fare carrier in the region–in its home market of Malaysia, as well as Indonesia, Thailand, Australia, India and Japan.
All three services of the Malaysian armed forces have received significant cuts to their procurement budget requests for 2012. The political context for this is the build up to a general election, which must be held by 2013. With defense spending being a contentious issue in Malaysia and the need to reduce state spending, the current government has opted for sizable cutbacks.
In early 2007, Air China and CFM International agreed to establish a maintenance, repair and overhaul (MRO) joint venture. After three years of negotiations the two companies have cleared the final hurdle and have received Chinese government approval for the formation of Sichuan Services Aero Engines Maintenance Company (SSAMC), a 60-40 joint venture between Air China and CFM, located in Chengdu, China.
In a report titled Aircraft Maintenance, Repair And Overhaul (MRO): A Global Market Report, Global Industry Analysts provides a comprehensive review of the MRO industry and quantifies potential in key markets such as heavy airframe maintenance, modifications, component maintenance, engine overhaul and
epair And Overhaul (MRO): A Global Market Report, Global Industry Analysts provides a comprehensive review of the MRO industry and quantifies potential in key markets such as heavy airframe maintenance, modifications, component maintenance, engine overhaul and line maintenance.
A report issued by Global Industry Analysts predicts the worldwide maintenance, repair and overhaul (MRO) market will reach $55.2 billion by 2015. The recently released report, “Aircraft Maintenance, Repair And Overhaul: A Global Market Report,” suggests the world market for heavy aircraft maintenance is poised to grow at a steady pace through 2015, with engine overhauls expected to expand most rapidly in the Asia-Pacific region.
Under a memorandum of understanding signed by Jet Aviation and Airod, Jet Aviation will operate an FBO at Kuala Lumpur’s Subang Airport under a partnership with Airod. The two companies plan to finalize a joint venture agreement by next month, after which Jet Aviation will immediately start offering FBO services, including line maintenance, at Subang.
A joint venture between Air China and Lufthansa has produced one of the world’s largest MRO facilities. The 414,400-sq-ft maintenance hangar provides sufficient space to work on as many as four Airbus A380s at a time. In addition to supporting Air China’s growing fleet, it will also serve private aircraft arriving at the new Terminal 3 at Beijing’s Capital International Airport, built to support this year’s Olympics.
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