Sapura Resources Bhd's, wholly-owned subsidiary Sapura Aero Sdn Bhd, has entered into a memorandum of understanding with MRO Sdn Bhd to establish a joint venture to provide aircraft and other aviation-related services.
In a filing with Bursa Malaysia today, the group said the services include aircraft management, maintenance, repair and overhaul (MRO), ground Handling and aircraft parking/hangarage.
"The formation of a JV company will result in the creation of an organisation that can evolve to be a key regional player offering a full suite of services for private jets i.e., aircraft management, ground handling and MRO with multiple regulatory approvals, which will allow the JV company to be better positioned to compete against the other big players in the market," the group said.