Sapura Technics Sdn Bhd, a new commercial aircraft maintenance, repair and overhaul (“MRO”) company located at Senai International Airport, Johor, Malaysia was officially launched today by the Prime Minister of Malaysia, YAB Tun Dr. Mahathir Mohamad.
Mercu Sapura Sdn Bhd, a wholly-owned subsidiary of Sapura Resources Berhad, had on 29th October 2018 entered into a Joint Venture and Shareholders Agreement with Dilog Training & Services Sdn Bhd, an aircraft maintenance training company, to form an aircraft MRO services company for commercial narrow body aircraft in Senai, Johor, Malaysia. Following the joint venture agreement, Sapura Technics Sdn Bhd was incorporated on 12thDecember 2018.
Sapura Technics will engage in the commercial MRO services providing line and heavy maintenance services for Boeing B737 series and Airbus A320 family. Senai International Airport is strategicallylocated within Malaysia’s southern state’s Iskandar economic development zone boasting benefits, which include tax exemptions and duty-free status.
Sapura Technics is truly only as great as the people who embody the mission of the organization. Driven by a young and vibrant, yet experienced management team, Sapura Technics emphasizes on the strength of an even newer generation of professionals. The team includes the best who are returning to Malaysia, knowing the excitement and buzz of Sapura Technics as the newest MRO in the region. Such a team from the onset allows the company to embark on disruptive MRO Best Practices, utilizing new applications and big data technologies such as paperless MRO delivering quality and fastest turnaround time of aircraft base maintenance.
The formation of Sapura Technics is driven by the global and regional MRO market demand and the aspiration of spearheading Malaysia’s MRO industry to capture at least 5% of the global market share by year 2030.
The Asia Pacific commercial aviation market continues to be a strong growth driver for the MRO market driven by its rapidly growing fleet size to meet the resilient air travel demand and increasing middle class population. As reported in Boeing Services Market Outlook 2018, the global airlines will spend more than $974 billion on MRO services during the next 20 years driving the Asia Pacific MRO market growth to $60.4 billion by year 2037.
Sapura Technics envisions to be the preferred commercial aircraft MRO service provider in the region and is set to support the growing needs of the commercial aircraft MRO demand and at the same time creating new high-income job opportunities.
Sapura Technics is scheduled to begin operation from its existing two hangars by July 2019 subject to obtaining the Part 145 approval from the Civil Aviation Authority of Malaysia (CAAM) in June 2019 and subsequently with other aviation authority approvals.