Airbus Sourcing Activities In Malaysia To Reach US$550 Million

European aircraft manufacturer Airbus is expected to generate about US$550 million (RM2.24 billion) from current sourcing and activities a year by 2023.

This is more than a third higher than the US$400 million (RM1.62 billion) recorded in 2018.

Airbus Asia-Pacific president Jean-Marc Nasr said the prospect will reaffirm the manufacturer’s commitment to supporting the future growth and development of Malaysia’s aerospace industry.

“Today, Airbus is the biggest partner for Malaysia’s aerospace industry. This is testament to the high quality of work undertaken by Malaysian companies and their highly skilled workers, the country’s competitive cost base and a clear government policy backing the development of the local industry.

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

Airbus will be the largest international exhibitor at this week’s Langkawi International Maritime and Aviation Exhibition with a major presence of its entire range of commercial aircraft, defence, space and helicopter products and services.

Airbus said “Made in Malaysia” parts are manufactured by the countr’s suppliers fly on the entire Airbus civil aircraft product line (the A320 family, a330neo, A350 XWB and A380) as well as the new generation A400M military airlifter.

Malaysia is Airbus’ third largest market in the Asia Pacific region after China and India with the country’s airlines having ordered more than 700 commercial airlines from the company.

Today, around 300 commercial aircraft and mroe than 100 helicopters manufactured by Aibus are in service in the country.

Source: New Straits Times

Image Source: Yahoo Finance

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