ST Engineering and Vietnam Airlines to Explore Setting up Airframe MRO in Vietnam
Singapore, 7 February 2020 - To cater to Vietnam airways (VNA) and the Asia Pacific vicinity’s growing desires for maintenance repair and Overhaul (MRO) offerings, ST Engineering is exploring the setting up of an airframe MRO joint venture (JV) in Vietnam with Vietnam airlines and different potential airline partners. The JV will perform out of Vietnam airways’ centers positioned at Noi Bai worldwide Airport in Hanoi and Tan Son Nhat worldwide Airport in Ho Chi Minh town to offer base protection services.
The joint mission will leverage the wealthy MRO expertise of ST Engineering, and the substantial networks of its airline partners to tap the developing MRO marketplace in the region. according to industry forecasts, the industrial aircraft in-carrier fleet and the MRO demand in Asia-Pacific are predicted to growth at a compound annual growth fee of 4.five% and 5.zero% respectively over the next decade.
Duong Tri Thanh, President & CEO of Vietnam airways said, “The establishment of a joint mission will bring extra aircraft and added fee to Vietnam. Likewise, it will help to enhance the technical stage of the domestic aircraft protection enterprise as well as the competitiveness of the country wide airline. collectively with ST Engineering and other ability airline partners round the sector, we trust that this joint project will stimulate and strengthen the Vietnamese activity market and aviation enterprise."
“this is an thrilling development for us given that Asia Pacific is a focal point marketplace for ST Engineering. Following the putting in of our first factor MRO facility in Vietnam in September 2019, this new joint assignment will assist to expand our services to encompass factor and airframe MRO for our clients,” stated Mr Lim Serh Ghee, President of ST Engineering’s Aerospace quarter. “Collaboration with relied on clients like Vietnam airlines can be a robust component contributing to our success as we will keep to boom our community of centers to capture possibilities in the area.”
ST Engineering is the world’s biggest industrial airframe MRO company by way of renovation manhours, backed through a track record of over 15,000 industrial aircraft maintained and changed considering that 1990. With a global network of facilities inside the North the us, Asia Pacific and Europe capable of accommodating forty four widebody, 26 narrowbody and 24 general aviation aircraft simultaneously, ST Engineering provides help to a huge client base that includes main airways, airfreight and navy operators.
ST Engineering is showcasing its MRO answers and different aerospace competencies on the Aviation cluster of the ST Engineering Pavilion (G01) at the Singapore Airshow 2020 from 11 – 16 February.
News Source https://newsroom.aviator.aero/