Alenia Aeronautica and MAS Aerospace Engineering (MAE) have sealed an agreement to create a joint venture company for the maintenance, repair and overhaul services of turboprops.
The new company, MAS-Alenia Aeronautica Aerospace Engineering (MAAE) is 51% owned by MAE and 49% by Alenia Aeronautica. The company’s headquarters will be in Malaysia.
The JV agreement is related to an order of 20 ATR 72-500s, plus an option of seven by Firefly and MASwings. These two airlines are wholly owned by MAE’s parent, Malaysia Airlines.
MAAE aims to offer MRO services for ATR aircraft within ASEAN (Association of Southeast Asian Nations) and the Indian subcontinent with plans to offer these services to other countries in the near future.
The DoD has changed its structures and is been increasing efforts to facilitate access to loans by companies interested in working with artificial intelligence, advanced materials and semiconductors, biotechnology and quantum science.
India has approved millions of dollars in new military purchases, most of which will go to public sector companies.
The main obstacles to overcoming risks in the region are a lack of a strong cybersecurity culture and inadequate funds to invest in this domain given a widespread Chinese presence in the region.
MBDA is adapting to supply chain pressures as the Russian invasion of Ukraine leads to increased demand for armaments.
Despite the additional funding promised this week, the UK armed forces still look set to face cutbacks, and maintaining international commitments to AUKUS and GCAP may limit the options for other programmes.
This week on the Shephard Defence Podcast, senior naval reporter Harry Lye and military training & simulation reporter Norbert Neumann chat with Professor John Louth.
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