The signing ceremony, witnessed by Malaysia External Trade Development Corp (Matrade) representatives, was held in conjunction with the the third edition of the Kuala Lumpur International Aerospace Business Convention (KLIABC) 2018 here today. (NSTP pic by SUPIAN AHMAD)

KUALA LUMPUR: Aircraft component manufacturers in Malaysia and Indonesia are collaborating to boost human capital development so as to win more jobs from big names like Airbus, Boeing and Rolls Royce.

“Both Malaysia and Indonesia are exploring development of indigenous aircraft programmes in addition to being key component producers for commercial airplane companies like Airbus and Boeing,” said Malaysia Aerospace Industry Association (MAIA) president Naguib Mohd Nor.

He was speaking to reporters after the memorandum of understanding signing ceremony between MAIA and Indonesia Aircraft Component Manufacturer Association (Inacom), which was represented by its president Andi Alisjahbana.

The signing ceremony, witnessed by Malaysia External Trade Development Corp (Matrade) representatives, was held in conjunction with the the third edition of the Kuala Lumpur International Aerospace Business Convention (KLIABC) 2018 here today.

Malaysia's aerospace manufacturing exports is seen to top RM9 billion this year, a progression from last year's RM8.49 billion.

“We should see at least five per cent export growth from last year as orders for the manufacture of aircraft components are increasing,” said Naguib.

In 2017, Malaysia's aerospace export surged 54 per cent to RM8.51 billion from 2016, with main exports being parts and components, particularly for wings, empennage and aircraft fuselage.

The three-day KLIABC 2018, which began yesterday, is organised by Matrade in collaboration with MAIA and ABE France.

Some 150 aerospace industry organisations from 21 countries are participating.