ST Engineering, Vietnam Airlines to explore setting up airframe MRO in Vietnam:
11 February 2020: ST Engineering, Vietnam Airlines and some other potential airline partners are going to set up an airframe MRO joint venture (JV) in Vietnam
The Joint Venture will operate from Vietnam Airlines’ facilities situated at Noi Bai International Airport in Hanoi and Tan Son Nhat International Airport in Ho Chi Minh City. They will provide base maintenance services.
The joint venture will leverage the rich MRO expertise of ST Engineering, and the extensive networks of its airline partners to tap the growing MRO market in the region.
Duong Tri Thanh, President & CEO of Vietnam Airlines said, “The establishment of a joint venture will bring more aircraft and added value to Vietnam. Likewise, it will help to improve the technical level of the domestic aircraft maintenance industry as well as the competitiveness of the national airline. Together with ST Engineering and other potential airline partners around the world, we believe that this joint venture will stimulate and strengthen the Vietnamese job market and aviation industry."
“This is an exciting development for us given that Asia Pacific is a focus market for ST Engineering. Following the setting up of our first component MRO facility in Vietnam in September 2019, this new joint venture will help to expand our offerings to include component and airframe MRO for our customers,” said Lim Serh Ghee, President of ST Engineering’s Aerospace sector. “Collaboration with trusted customers like Vietnam Airlines will be a strong factor contributing to our success as we will continue to increase our network of facilities to capture opportunities in the region.”
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