MATRADE is leading the Malaysia Pavilion at the prestigious Farnborough International Airshow (FIA) 2024 in the United Kingdom with the aim to highlight Malaysia’s aerospace prowess on a global scale, providing an important platform for local companies particularly Small and Medium-sized enterprises (SMEs) to integrate into the global aerospace supply chain.
In collaboration with National Aerospace Industry Corporation Malaysia (NAICO), the trade agency under the Ministry of Investment and Trade will highlight the capabilities of 15 Malaysian companies across various sectors including aerospace manufacturing, maintenance, repair and overhaul (MRO), system integration, engineering services, education and astronautics at FIA 2024 which will be held from 22 – 26 July 2024.
Deputy Chief Executive Officer (CEO), Mr. Abu Bakar Yusof, expressed confidence in Malaysia’s aerospace sector, citing a remarkable 31% surge in exports of aerospace products to reach RM979.9 million in the first two months of 2024 as
compared to the same period of last year. During this period, the major export destinations for Malaysia’s aerospace products were the United States of America (USA), China, Indonesia, the United Kingdom (UK) and Singapore. Overall, the UK is a significant export destination for Malaysian aerospace products, with aerospace products exports (parts of planes and helicopters) to the country increasing by 44% to reach RM287.2 million in 2023.
The UK demand for aerospace products and services is anticipated to maintain its upward trajectory, driven by the resurgence of air travel, a spike in aircraft orders and the expansion of the MRO sector. Malaysian companies are encouraged to leverage this burgeoning demand by engaging with potential clients, project leaders and aerospace procurement officials during FIA 2024.
“Malaysia is ascending to new heights in aerospace. Our established reputation as a reliable supplier of critical aircraft components reflects the industry’s skill, commitment and growth trajectory. FIA 2024 represents a strategic platform for us to showcase these achievements and our commitment to sustainability, aligning with the global aerospace industry’s environmental objectives. We would like to invite Malaysian aerospace companies to take this opportunity and join us at FIA 2024,” he said.
NAICO Malaysia reported that Malaysia’s aerospace industry generated revenues of RM18 billion in 2023, creating 28,500 job opportunities and showcasing the sector’s robust growth trajectory. NAICO Malaysia CEO, Ts. Shamsul Kamar Abu Samah adds, “This engagement at FIA 2024 aligns perfectly with Malaysia’s aspirations as outlined in the New Industrial Masterplan (NIMP) 2030 and the Malaysian Aerospace Industry Blueprint (MAIB)
The Farnborough International Airshow is a major aerospace and aviation trade show that takes place biennially in Farnborough, Hampshire, United Kingdom. It is one of the largest and most prestigious aviation industry events, bringing together exhibitors, delegations and visitors from all over the world. The airshow offers a variety of activities and exhibits related to civil and military aviation. These include aircraft displays, new technology and innovation demonstrations, networking opportunities for businesses, conferences, seminars and workshops.
This will be MATRADE’s fifth year of participation at FIA. In 2022, MATRADE established 332 business meetings and linkages, resulting in total sales of RM572.6 million. FIA is a key platform for Malaysian companies to conduct business with
international buyers in the aerospace industry. Malaysian companies interested in participating in FIA 2024 must apply by 26 April 2024.
