Malaysian Aerospace Engineering (MAE) and Sabena Technics have signed a memorandum of understanding to set up a joint venture company, specialising in aircraft component repair and overhaul services, in Malaysia.
The new company will offer avionics, hydraulics, electromechanical systems, fuel systems, engine and pneumatic components for Boeing 737, Airbus A320 and ATR aircraft types, says the firms. It could be operational by end-2011, they add.
Southeast Asia, the target market, could see more than 1,000 new generation aircraft in service by 2015, say the companies. Some 500 of these are already operational, they add.
"We are already in talks with other airlines and targeting for some 200 aircraft to be sent to the joint venture company when we are operational next year," says MAE's managing director Roslan Ismail.
MAE is a subsidiary of Malaysia Airlines while Sabena is an independent Belgian MRO firm.