Kadazan Dusun
Latest News
Contraband beers worth RM105,544 seized, restaurant operator and two workers detained |  Sabah Food Festival 2019 at KDCA complex Dec 13-16 |  Tambunan hammer Tawau in opener |  Winning start for Keningau girls |  Mongindapu tiinumon kaavuk nataan miampai duvo pakakalaja |  Lahan Kundasang- Kauluan tinutub |  Principal skips holiday for poor students |  Polytechnic Kota Kinabalu enrols 497 new students |  Malaysia's economy expected to grow at slower pace – UOB Malaysia |  Blue Capital Management invests RM100 mln for Sabah’s biomass energy plant |  GRI launches new tax reporting standard |  Shafie: Sabahans need to co-exist with elephants |  Elephants to get food corridor |  12 finalis Battle of The Voice M7 berentap malam esok |  10,000 penduduk Daerah Kecil Pagalungan sambut baik pembinaan jalan raya Salong - Pagalungan | 

Airbus' sourcing activities in Malaysia to reach US$550 mln

26th March, 2019

KUALA LUMPUR: The value of Airbus’ sourcing activities in Malaysia is expected to reach US$550 million (RM2.24 billion) annually by 2023, higher from the US$400 million (RM1.62 billion) in 2018.

Airbus Asia-Pacific president Jean-Marc Nasr said this growth would be on the back of higher passenger traffic growth in the region, which also translates into higher demand for air traffic production and maintenance, repair and overhaul services.

“Passenger traffic growth over the next 20 years is projected to grow 5.5 per cent annually in the Asia Pacific, which is faster compared with 4.4 per cent for the rest of the world,” he told a media briefing on Airbus’ performance in the region.

Nasr said Malaysia is a unique market for the Airbus, considering it’s the largest supplier base in Southeast Asia and fifth largest composite components supplier worldwide.

Among Airbus’ local suppliers are Composites Technology Research Malaysia Sdn Bhd, SME Aerospace Sdn Bhd, Spirit Aerosystems Malaysia Sdn Bhd and SDMK Sdn Bhd.

“There are locally-made parts in all our commercial aircraft and Airbus is the biggest partner for Malaysia’s aerospace industry.

“We are 100 per cent committed to growing our presence in Malaysia and firmly believe the country’s aerospace industry has the potential to become one of the largest in the region,” he added.

Nasr said Malaysia is also Airbus’ third largest market in the Asia Pacific region after China and India, with the country’s airlines having ordered 727 commercial airliners from the company.

AirAsia has ordered 592 aircraft, and AirAsia X 96, while Malaysia Airlines has 39.Of these, 219 units has been delivered to AirAsia, 20 to AirAsia X and all 39 aircraft orders for Malaysia Airlines completed. –Bernama

Email Print