KUALALUMPUR: Malaysia’s aerospace sector is optimistic of securing RM1 billion new investments and generate RM13 billion revenue this year. Exports are targeted to grow by five per cent particularly through manufacturing activities for aerospace products, such as fan cowl, cargo door and engine fan case. Ministry of International Trade and Industry’s (MITI) Deputy Secretary-General (Industry), Datin K. Talagavathi, said generally, Malaysia’s aerospace industry has been experiencing tremendous growth for the past two decades. We are the top in the region for aerostructure manufacturing, following the creation of world-class infrastructure and facilitative environment. Avionics and aerostructure manufacturing is on the upward trend, while aeroengine components manufacturing is starting to pick up pace.” she said. Talagavathi said this to Bernama at the Singapore Airshow 2018. It is held from Feb 6-11, 2018 where over 50 Malaysian delegates are participating in Malaysian Pavillion, hosted by the National Aerospace Industry Coordinating Office (NAICO), a unit under MITI. Talagavathi said aerospace exports up to September, 2017 stood at RM6.23 billion, a 20 per cent increase from 2016’s RM5.53 billion, primarily contributed by aerospace parts and components to countries such as the US, UK, Singapore, Japan and Thailand. The increase was not only bolstered by export growth in aerospace parts and components manufacturing, but also the maintenance, repair & overhaul (MRO) activities,” she said. She said the MRO sector was expected to grow further, particularly for airframe, engine and component MRO. For 2018, this sub-sector was expected to contribute RM6.7 billion of annual revenue. In 2016, MRO activities contributed RM5.7 billion revenue, she said. Talagavathi said MITI was actively promoting world-class aerospace parks KLIA Aeropolis, Subang Aerotech Park, UMW High-Value Manufacturing Park Serendah, Senai Airport Aviation Park to potential investors. We are optimistic the aerospace industry will continue to be vibrant and thrive in years to come, given that the Asia-Pacific is expected to have the highest growth in new aircraft delivery for the next decade,” she said. In 20 years, original equipment manufacturers (OEMs), namely Airbus and Boeing, forecast significant new aircraft delivery, particularly to Asia-Pacific countries. Airbus forecast 35,000 new aircraft delivery, of which 41 per cent was for Asia-Pacific, while Boeing targeted 41,000 new aircraft would be required, with 39 per cent of the figure for Asia. There is huge demand for aviation services in the Asia-Pacific too. In total, 16,000 new aircraft were expected to be delivered to Asia making it the largest aerospace market in 2036 and this is the main factor for OEMs to consider shifting their production base to this region. To-date, the industry has produced 200 over companies, employed more than 21,000 skilled workers and anticipated to create another 1,000 jobs this year.
