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Published on : Thursday, May 26, 2016
Malaysia Aviation Group Bhd and Lufthansa Technik AG have signed a terms of reference on a strategic partnership framework for a joint venture (JV) to establish a regional maintenance, repair and overhaul (MRO) facility.
“Lufthansa Technik is one of the global leaders in MRO services, and the level of skill, expertise and technological transfer will be invaluable, both for us and for Malaysia,” said Malaysia Aviation Group Malaysia Airlines Bhd Group Chief Executive Officer Christoph R. Mueller.
The MRO facility, planned for 2017, would be based at Malaysia Airlines’ existing facilities at the Kuala Lumpur International Airport, said Malaysia Airlines in a statement.
Malaysia Aviation Group is an entity under Khazanah Nasional Bhd.
Meanwhile, Lufthansa Chief Executive Officer Dr Johannes Bussmann said once the new JV becomes a reality, the airline would extend its MRO capabilities significantly.
The JV is expected to see the creation of additional jobs and introduce the state-of-the-art technical capabilities for base maintenance services and best practices in operations, hence, creating a centre of excellence for the region.
The formation of the JV would, however, be subject to, approvals being sought from the regulatory authorities and the signing of definitive agreements.
Tags: malaysia airlines