Airbus earmarks US$120mil for projects to bolster local aerospace industry


Airbus chief executive officer Guillaume Faury

KUALA LUMPUR (Bernama): Airbus will be allocating about US$120mil (RM505mil) for three initiatives to further support the development of the local aerospace industry.

Airbus chief executive officer Guillaume Faury said the initiatives were to further expand its unit Sepang Aircraft Engineering, increase funding to the Aerospace Malaysia Innovation Centre (AMIC) for research programmes and establish the Airbus Malaysia Digital Initiative.

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