Malaysia External Trade Development Corporation (Matrade) chairman Halim Mohammad, who will lead the mission, said the Malaysian aerospace industry sees encouraging prospects for their business and operation this year as the Covid-19 pandemic is entering the endemic stage.

“The aerospace industry is a strategic industry and it augurs well with the 12th Malaysia Plan to focus on high value sectors,” he said in a statement today.

“Matrade is always committed to generating more opportunities for Malaysian aerospace companies to capitalise on the demand from the global aerospace market,” he added.

Matrade has been participating in the FIA biennial exhibition since 2014 and is taking the lead in organising an aerospace mission.

Malaysia’s participation at FIA 2022 from July 18 to July 22 is to speed up the recovery of Malaysia’s aerospace industry following the slowdown in aerospace exports in recent years.

The FIA is attended by aerospace giants such as Airbus, Boeing, Embraer and Bombardier.

The goal is to demonstrate Malaysia’s current aerospace ecosystem while fostering industrial ties with original equipment manufacturers (OEMs) and Tier 1 and Tier 2 suppliers from across the world.

“The industry has created jobs for more than 27,500 highly skilled workers. Malaysia’s expertise and strength in the aerospace industry revolve around maintenance, repair and operations services, and manufacturing of aero-structures as well as engine components,” Halim said.

Malaysia’s exports of aerospace parts and components totalled RM5.79 billion in 2021. Major export markets were France, China, and the UK.

A total of 14 Malaysian companies and three government agencies will take part in the five-day event.