Malaysia's Aerospace Industry Plans Major Growth in Domestic Component MRO

What's Happening?

Malaysia is advancing its aerospace industry through a strategic plan known as Blueprint 2030, which aims to significantly increase domestic revenues from maintenance, repair, and overhaul (MRO) activities. The National Aerospace Industry Corporation Malaysia (NAICO Malaysia) is overseeing this development, with expectations to generate RM55.2 billion ($13.1 billion) by 2030. The plan includes expanding local MRO activities to reduce costs and turnaround times. Key players such as MAB Engineering, Asia Digital Engineering, and Base Maintenance Malaysia are driving this growth. Additionally, companies like Collins Aerospace and SIA Engineering are expanding their operations in Malaysia, focusing on component repairs and manufacturing.

Why It's Important?

The expansion of Malaysia's aerospace industry is crucial for enhancing its economic footprint in the global market. By localizing MRO activities, Malaysia aims to become a significant player in the aerospace sector, potentially attracting more international business and investment. This growth could lead to increased employment opportunities and technological advancements within the country. The strategic focus on MRO and manufacturing positions Malaysia as a competitive hub for aerospace services, which could influence regional dynamics and partnerships in the industry.

What's Next?

As Malaysia progresses with its Blueprint 2030, the country plans to further develop its aerospace workforce, aiming to add 2,000 to 3,000 new jobs by 2030. The ongoing expansion of facilities and partnerships with major aerospace companies like Boeing and Airbus will likely continue, enhancing Malaysia's capabilities and reputation in the industry. The government and industry stakeholders are expected to monitor and support these developments to ensure the successful implementation of the strategic plan.