Malaysian Aerospace Industry Revenue Expected To Grow Up To 25 This Year

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 Investment, trade and industry minister Tengku Zafrul Aziz says the country has also secured RM1.5 billion in approved investments.
Investment, trade and industry minister Tengku Zafrul Aziz noted that Malaysia Airlines had doubled its commitment to the Airbus A330neo and exercised options for 20 additional aircraft. (Malaysia Airlines pic)PETALING JAYA: Malaysia’s aerospace industry revenue is projected to grow 20% to 25% this year from RM25.1 billion in 2024, says investment, trade and industry minister Tengku Zafrul Aziz
He said the country has also secured RM1.5 billion in approved investments and achieved export values of RM8.17 billion, clear indicators of growing global confidence in Malaysia’s capabilities, resilience, and talent pool in the sector.
“Our 30,000-strong aerospace workforce continues to demonstrate excellence across the entire value chain, from aircraft structure manufacturing and engine components to avionics and maintenance, repair and overhaul (MRO), as well as systems integration.
“Such achievements are only possible through the strength of government, academia and captains of industry working in unison to propel Malaysia’s aerospace sector to greater heights,” Bernama reported him as saying at a Malaysia Aerospace Industry Association (MAIA) event tonight.
Tengku Zafrul noted that Malaysia Airlines had doubled its commitment to the Airbus A330neo, and exercised options for 20 additional aircraft, bringing its total order to 40 A330neo planes.
He also noted that AirAsia had signed an agreement to purchase 50 Airbus A321XLR aircraft with options for 20 more.
“This move supports its ambition to expand into long-haul low-cost markets, especially in Europe and North America, powered by more fuel-efficient and range-optimised aircraft.
“These fleet expansion efforts are not only a strong vote of confidence in Airbus – but also in positioning Malaysia as a regional hub for MRO, parts supply, and aerospace talent,” he said. - FMT

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