ADE secures investment for maintenance of hangar facility

Fernandes said the investment will also be allocated for ADE’s further business expansion in other verticals and geographical markets. — Reuters

KUALA LUMPUR: Asia Digital Engineering (ADE), the engineering and maintenance subsidiary of Capital A Bhd, has secured a US$100mil (RM446mil) investment from OCP Asia Ltd to construct and operate a state-of-the-art 14-line aircraft maintenance hangar facility in Sepang, Selangor.

Capital A chief executive officer Tan Sri Tony Fernandes said the investment will also be allocated for ADE’s further business expansion in other verticals and geographical markets.