While the U.S. and Europe remain the largest markets for business aviation, since 2008 the growth of business aircraft fleets in Africa, Latin America and Asia has been intense. “Malaysia, which has been experiencing a strong growth in demand for business travel for several years now, is trying to attract new MRO-related investments and the conditions for that seem to be more than favorable,” said Kestutis Volungevicius, head of FL Technics.
New York investment banking behemoth Kohlberg Kravis Roberts (KKR) is placing a big bet on one helicopter services company supporting the offshore oil-and-gas industry. Last month KKR took a $200 million stake in Malaysia’s Weststar Aviation Services. Weststar provides offshore support to a variety of energy companies in the region, including Petronas Carigali, ExxonMobil, Carigali Hess, CPOC, Talisman, Petrofac, Newfield, Total, KPOC, Lundin, Schlumberger, Hess, Shell, Tullow Oil, Mubadala Petroleum, CGG Veritas and ConocoPhillips.
DayJet founder Ed Iacobucci died last Friday after a 16-month battle with pancreatic cancer. After he left Citrix Systems, the software maker that he co-founded, in the early 2000s, Iacobucci started laying the groundwork for per-seat, on-demand charter operator DayJet and placed an order for 239 Eclipse 500s in May 2005. DayJet started operations in October 2007 but ceased flying 11 months later.
The events in Sabah, Malaysia, this past March, when local forces conducted Operation Daulat used combat jets to quell the resistance of the Filipino gunmen on the island of Borneo, may have prompted a spate of arms sales to that country and her closest neighbors. The armed forces do have a big wish list for weapons, but procurement processes for the most expensive and longest-lead items are likely to be launched properly only after the general elections in Malaysia later this year.
Malaysia Airports Holdings Berhad (MAHB) has launched a campaign to convince new airlines to launch flights to six international airports in the country.
The strong business aviation presence at Malaysia’s LIMA air show held last month on the island of Langkawi was testament to the fact that the industry’s growth in the Asia Pacific region extends well beyond China.
Hong Kong-based Sino Jet (Booth P222) announced here at ABACE 2013 that it has partnered with charter company Aviation Concepts Inc. (ACI) and helicopter specialist Astro Jet to help it grow in the Asia Pacific region.
ACI has locations in Guam (its main base), Narita and Subic Bay, with full FBO and maintenance services at each. “We want to extend our growth throughout Asia,” said Jenny Lau, CEO and owner of Sino Jet, “all the while minimizing duplication in the market. ACI has been in Guam for 12 years and we welcome its common vision.”
Malaysian Airlines has signed a deal with Canada’s Viking Air to take six new 19-seat Twin Otter Series 400s for use in scheduled service by its regional subsidiary MASwings. Viking plans to deliver all the airplanes by the end of next year.
AirAsia X, the Malaysian budget long-haul affiliate of Air Asia, is consolidating business in its core markets of China, Australia, Japan and Korea, according to CEO Azran Osman-Rani, who was speaking to AIN at the Low Cost Airlines World conference in Singapore last week.
The supply of parts, assemblies and services for Boeing products has created valuable new economic opportunities in Southeast Asia in recent years. In fact, since 2009, Boeing suppliers have established aerospace manufacturing centers for commercial aircraft production in five Southeast Asia countries: Vietnam, Malaysia, Indonesia, Thailand and Singapore. Meanwhile, Boeing suppliers in other countries, including Australia and Malaysia, have added new commercial or defense manufacturing capacity to their portfolios.
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