Asia Digital Engineering a subsidiary of Capital A is looking to set up operations in Cambodia as the group continues with its recovery plans.
ADE entered into a shareholders agreement with Sivilai Asia Co., Ltd for the subscription of 60% of the issued and paid-up capital of a Cambodian joint venture company incorporated under the name “ADE (Cambodia) Co., Ltd” to establish a Maintenance Repair And Overhaul business in Cambodia.
ADE is a wholly owned subsidiary of Capital A engaged mainly in aircraft maintenance, repair, and overhaul while Sivilai Asia is a consultancy management firm that aims to operate hospitality businesses in Cambodia. The principal activity of ADE Cambodia will be to provide engineering maintenance services, component and warehouse services, engineering support services and digital and innovation services to aircraft, including repair and maintenance of aircraft and/or engines, consultancy, training and/or any digital/tech-related businesses.
The incorporation of ADE Cambodia is to support AirAsia Cambodia which will commence operation in November 2023. Capital A said this will create an opportunity for ADE to establish its operation in Cambodia by providing service to AirAsia Cambodia and other third-party airlines operating in Cambodia major airports. The objective is to optimise utilisation of ADE’s assets at maximum capacity to reach the utmost productivity.
The proposal it said will facilitate and expedite consolidation of all of ADE’s resources and assets in order to optimise more productive, sustainable levels of operation and service for the AOCs, which in turn enable the group to capitalise on cost saving opportunities and potentially capture surpluses from new revenue streams generated
