Airbus work value in Malaysia to hit above US$500mil

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KUALA LUMPUR: The value of Airbus work undertaken in Malaysia is set to increase by 25% to over US$500mil (RM2.36bil) by 2021, from US$400mil (RM1.89bil) now.

The increase would come on the back of higher production rate for aircraft types worked on by suppliers such as Composites Technology Research Malaysia Sdn Bhd, Spirit Aerospace and Celestica.

This also included growth from local joint ventures including that of maintenance, repair and overhaul firm, Sepang Aircraft Engineering Sdn Bhd.

“We are committed to growing our presence in the coming years. (The work value), except for China, is by far the biggest procurement in Asia and it will only grow as our production is growing,” Fabrice Bregier, president of Airbus Commercial Aircraft, told a press conference in Kuala Lumpur on Thursday.

“This is a recognition of the high quality of work undertaken by Malaysian companies and workers, the country’s competitive cost base and its expertise in the aerospace engineering sector,” he said.

The majority of the aeronautical supply chain in Malaysia works for Airbus “and we are proud of its growth.”

“Made in Malaysia” parts fly on the entire Airbus civil aircraft product line (the A320 family, A330neo, A350 XWB, and A380), as well as, the A400M military airlifter and the H130 helicopter.

Read more at http://www.thestar.com.my/business/business-news/2017/03/09/airbus-work-value-in-malaysia-to-hit-above-us$500mil/#3PBpk9FqKR5QlmeH.99