SINGAPORE: Malaysia Airports (MAHB) is forging ahead with plans for the Subang Regeneration Initiative by inking partnership agreements and Memoranda of Understanding (MoU) with major aerospace and industry players of the Singapore Airshow 2018 at the Changi Exhibition Centre here on Wednesday.

Managing Director, Datuk Badlisham Ghazali said Subang Skypark had a mature aerospace community well-known for maintenance, repair and overhaul (MRO), fixed-base operator (FBO), manufacturing and training.

“This is due to the presence of world-renowned players such as Spirit Aerosystems, one of Airbus and Boeing’s major suppliers, as well as Airbus Helicopters and Leonardo (formerly known as AgustaWestland).

“We expect that a further regeneration of the Subang aerospace and aviation ecosystem will create a spillover effect into the KLIA Aeropolis in the future, an emerging aerospace and aviation ecosystem.

“Currently, we are creating value through synergistic collaborations with our business partners to provide solutions in terms of supply chain, human capital, infrastructure and equipment, as well as technology to attract aerospace players to be part of the ecosystem in Subang and subsequently expand into the KLIA Aeropolis,” he told media here on Wednesday.

The first partnership agreement signed was between Malaysia Airports and Axis REIT Real Estate Investment Trust (Axis-REIT) to develop a built-to-suit industrial manufacturing facility for Senior Aerospace UPECA and to be completed by Dec 15, this year.

Senior Aerospace UPECA is part of the Senior group of companies – a world leader in manufacturing and technology for aerospace, automotive and industrial products.

The RM17 million, 1.65-hectare facility, will boast of state-of-the-art automation with over 400 highly-skilled engineering and technical employees.

Axis REIT Managers Bhd, Chief Executive Officer (CEO)  Leong Kit May said the manufacturing facility would be built over 2.84 hectares, subleased from Malaysia Airports at the Malaysia International Aerospace Centre (MIAC) Technology Park.

Malaysia Airports has also signed a partnership agreement with Danish aircraft maintenance company, Skyways Technics.

The agreement is to facilitate the latter’s expansion plan within the Malaysia Airports aerospace ecosystem, including a new facility at Subang Aerotech Park, which will also serve as Skyways Technics’ Asia Pacific regional headquarters.

At the same event, Malaysia Airports also signed two MoUs with Asian Business Aviation Association (AsBAA) and MARA Corp.

Under the MoU, AsBAA will provide crucial industry knowledge on related key development issues, identify business opportunities, create awareness to stakeholders and undertake assessment and recommendation to strengthen the Sultan Abdul Aziz Shah Airport in Subang as an attractive destination for business aviation, serving both local and regional industry needs.

Meanwhile, the collaboration with MARA Corp is to facilitate the human capital development for KLIA Aeropolis, where Malaysia Airports would be leveraging on solutions developed and managed by MARA, such as the Graduate Employability Training Scheme (GETS) Perantis Malaysia to provide competent talent.

“Aerospace is a key pillar in MARA Corporation’s investment strategy, owing to Malaysia’s competitiveness and growth in this sector.

“To further catalyse this growth, the RM200 million (US$ 51.2 mil) GETS (Graduate Employability Training Scheme) was created and designed to meet with industry players such as MAHB and their stakeholders,” said Acting CEO of MARA Corp, Muhammad Lukman Musa. – Bernama