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Subang Aviation Services Sdn Bhd, a subsidiary of the National Aerospace Defence Industries (Nadi) group, is planning to invest RM800mil over a period of two years to set up facilities to enter the aircraft maintenance, repair and overhaul (MRO) market for commercial aircraft.
AIRASIA Bhd has sealed a US$1.5bil on-point solution engine service agreement with General Electric Co (GE) of the United States for the maintenance, overhaul and repair of the 129 I>CFM56-5B/Iengines that will power the airline's new fleet of Airbus I>A320-200/Iaircraft. The agreement is for 20 years.
AIRASIA has joined hands with Hostelworld.com to offer GoHostel, an online reservation service that enables travellers to search and book hostels and budget accommodations at low prices.
AirAsia Bhd is currently waiting for the go-ahead to fly to Indochina countries such as Vietnam, Cambodia and Laos as well as seriously looking at prospects in the China market this year.
Airasia Bhd is in the final stages of completing the due diligence for its Indonesian joint venture, and if all goes according to plan the first flight out of Jakarta to a destination within the republic could begin as early as in January, said executive director (corporate finance and strategic planning) Kamarudin Meranun.