Alenia Aeronautica and Malaysia Airlines subsidiary MAS Aerospace Engineering (MAE) have finalised their deal to create a joint venture maintenance company supporting primarily ATR aircraft in southeast Asia and India.
The deal, signed at the Paris Airshow last week, creates a company christened MAS-Alenia Aeronautica Aerospace Engineering (MAAE), 51%-owned by MAE and 49% by Alenia Aeronautica.
In a statement Alenia says: "The joint venture agreement is related to the earlier order of 20 ATR 72-500s, plus an option of seven by [MAS subsidiaries] Firefly and MASWings.
MAE managing director Mohd Roslan says: "The lack of MRO maintenance for turboprop aircraft in Asia would position this joint venture company to become a key MRO provider for tubroprops. In the second stage the joint venture will develop additional business opportunities in cargo conversion and specialised activities."