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MAE and Alenia Aeronavali to Set Up JV Company for ATR Maintenance |
Released on Thursday, July 17, 2008
MAS Aerospace Engineering and Alenia Aeronavali to set up JV company for ATR maintenance
Farnborough (17 July 2008): MAS Aerospace Engineering (MAE), a wholly owned
subsidiary of Malaysian Airline System Berhad (MAS) and the Italian Alenia
Aeronavali, a Finmeccanica Company controlled by Alenia Aeronautica, today
signed a Memorandum of Agreement (MoA) towards the establishment of a Joint
Venture in Malaysia.
The MoA for this Joint Venture, where MAE will be the majority shareholder and
fully supported by Avions de Transport Regional (ATR), allows both signatory
parties to create a comprehensive aircraft Maintenance and Repair Overhaul
(MRO) company.
MAE Managing Director, Mr Mohd Roslan Ismail, and Alenia Aeronavali Chief
Executive Officer, Mr Gennaro Di Capua signed the MoA today at the Farnborough
Air Show, United Kingdom, witnessed by Malaysia Airlines’ Executive Director/
Chief Financial Officer, Tengku Dato’ Azmil Zahruddin and Filippo Bagnato,
Finmeccanica EVP Technical, Industrial and Commercial Development.
“This is a significant occasion for MAE, as Aeronavali has more than 50 years of
experience in MRO jobs and is an experienced ATR service provider. We can
leverage on our collective expertise to continue to offer a high level of safe and
secure flight operations. We can also market these services to other airlines at
highly competitive costs,” Roslan said.
Di Capua said: “This new venture will combine the efficiency and effectiveness of
an experienced airline like MAS and the know-how of the Finmeccanica Group’s
companies in the MRO sector. We are sure that the new joint venture will produce
outstanding results in the Malaysian and the regional MRO markets”.
The proposed MRO will support the future fleet of 15 ATR aircraft that will join two
MAS subsidiaries, namely Firefly and MASwings, as well as other potential
operators in the region during its first stage of operations. In the second stage, the
JV will develop additional business opportunity in the cargo conversions and
specialized activities.
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Abbreviation
ATR - Avions de Transport Regional
MAE - MAS Aerospace Engineering
MAS - Malaysian Airline System Berhad
MOA - Memorandum of Agreement
MRO - Maintenance, Repair and Overhaul
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