Mr Fuad Sharuji, Chief Executive Officer of IVP said, “With a proven track record in MRO business, SIAEC’s establishment in Subang, Malaysia, will further bolster the thriving growth of Malaysia’s aerospace industry in support of the Government of Malaysia’s aspirations to position Malaysia as a leading aerospace hub in Southeast Asia and also in line with the Selangor Aerospace Action Plan 2020-2030, Malaysian Aerospace Industry Blueprint 2030 and 12th Malaysia Plan. The lease of the two wide-body hangars to SIAEC will further serve to benefit the local MRO industry and contribute to the Technical and Vocational Education and Training (TVET) program of the local aviation institutions.”
Datuk Wira Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority, said, “The formalisation of this lease agreement between SIAEC and IVP underscores a robust commitment from a prominent global aerospace MRO company like SIAEC to establish roots in Malaysia. It stands as a testament to the nation’s competitive edge in the aerospace ecosystem. SIAEC’s reputation in delivering comprehensive MRO solutions will contribute to bolstering Malaysia’s aerospace sector, establishing the nation as an ideal investment hub for aerospace companies seeking expansion within ASEAN and beyond.”