Malaysia's ADE sees boom in aircraft repairs amid new plane shortages
By Rozanna Latiff
KUALA LUMPUR, July 16 (Reuters) -The global aircraft repair industry will see more growth in the next six years as airlines keep flying their jets longer because of a shortage of new planes, said Mahesh Kumar, the CEO of Malaysia-based aviation services firm Asia Digital Engineering (ADE).
New deliveries have dropped sharply in recent months amid supply chain disruptions and rising labour costs, driving carriers to retain aircraft maintenance, repairs and operations (MRO) services for longer to keep older planes in the air, Mahesh said.
"It's a boom for the MRO business," he told Reuters in an interview on Monday.
ADE, a unit of Capital A CAPI.KL, which also operates budget airline AirAsia, has seen rapid growth since it began operations in September 2020 at the height of the COVID-19 pandemic.
The company, which conducts line maintenance as well as more comprehensive base maintenance checks, in 2023 doubled its annual revenue to 574 million ringgit ($122.91 million), amid a surge in flying activity.
Its slots are fully booked until the end of 2025, including at its new 14-line maintenance hangar near Kuala Lumpur International Airport that will be Malaysia's largest when it opens in August, Mahesh said.
While AirAsia remains its biggest customer, ADE expects to attract more third-party airlines and expand its services to cover a wider range of aircraft, including potentially Chinese planemaker COMAC, which aims to rival Boeing BA.N and Airbus AIR.PA.
"They've approached us and we have visited COMAC's (facilities) as well," Mahesh said, adding that there were no plans yet for the firms to cooperate.
"There's a lot of similarity between the Airbus and COMAC's aircraft components also. So from the MRO's perspective, we are pretty excited to service their airplanes."
ADE was also working to tackle industry delays because of ongoing labour and supply challenges. It has developed software to monitor and predict an aircraft's maintenance needs, which has helped cut average repair times by 20%-30%, Mahesh said.
It also operates Aerotrade, an online marketplace that allows airlines and aviation companies to buy and sell aircraft parts, he said.
($1 = 4.6700 ringgit)
Reporting by Rozanna Latiff; Editing by Christian Schmollinger
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
