Malaysia Aviation Group and Lufthansa Technik AG, will establish a strategic partnership framework for a joint venture (JV) to establish a regional maintenance, repair and overhaul (MRO) facility, at Malaysia Airlines’ existing facilities at Kuala Lumpur International Airport (KLIA).
Planned for 2017, the MRO facility, will service aircraft belonging to the Boeing 737 and Airbus A320 family of single-aisle jetliners.
“We are excited about the tangible benefits of the JV. 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 Christoph Mueller, the Group Chief Executive Officer of Malaysia Aviation Group Berhad and Malaysia Airlines Berhad.
"Once this new joint venture becomes true, we will extend significantly our MRO capabilities in one of the most emerging markets worldwide," explained Dr. Johannes Bussmann, the Chief Executive Officer of Lufthansa Technik AG. “With Malaysia Airlines at our side, we will have a strong regional partner to create a real success story with this new business.”
The formation of the JV will be subject to, inter alia, approvals from the competent regulatory authorities and the signing of definitive agreements.