logo
GE Aerospace eyes further expansion in Malaysia, Asia Pacific

GE Aerospace eyes further expansion in Malaysia, Asia Pacific

BEIJING: GE Aerospace plans to further expand its operations in Malaysia and across the Asia Pacific region as it strengthens its maintenance, repair, and overhaul (MRO) capabilities to meet rising global aviation demand.
GE Aerospace vice president of sales for Asia Pacific, Nakul Gupta, said Malaysia remains a strategic hub for the company, with its Subang facility playing a central role in both regional and global operations.
"Established in 1997 as a Centre of Excellence for CFM56 engines, our Malaysia site has evolved into a critical MRO hub supporting over 50 airlines worldwide.
"It now serves as the Asia Centre of Excellence for LEAP MRO services and employs over 700 skilled professionals," he told Bernama recently, adding that the provider of jet and turboprop engines is looking to grow its capacity further.
The expansion is supported by the company's proprietary FLIGHT DECK operating model and is expected to generate more high-skilled jobs in Malaysia.
In 2018, GE Aerospace made a significant US$80 million investment to upgrade the Subang facility, which enabled the introduction of MRO services for the CFM LEAP engine. It is the first such capability for GE Aerospace outside the United States.
"As demand continues to rise, we are committed to investing in infrastructure and talent development," he said.
He also noted that the company invested US$45 million in the Asia Pacific region last year, reflecting its commitment to strengthening its repair technologies and reducing turnaround times.
"This regional investment forms part of GE Aerospace's US$250 million global MRO and component repair investment in 2024, contributing to a broader five-year US$1 billion commitment," he pointed out.
He further said that these funds were being used to expand facilities, enhance safety measures and acquire new test cells, tooling as well as equipment across facilities in Singapore, Malaysia, Taiwan and South Korea.
Within Southeast Asia, GE Aerospace's footprint includes its Singapore facility which accounts for over 60 per cent of the company's global repair volumes and is a pioneer in using additive manufacturing technology to repair jet engine components.
"Additive technology allows us to complete repairs up to 60 per cent faster and with a significantly smaller footprint, enabling quicker aircraft turnaround for our customers," Nakul said.
To support increasing demand, he said the company continues to upskill its workforce in emerging aviation technologies such as automation, robotics, and additive manufacturing.
On the sustainability front, he said that all GE Aerospace and CFM engines are certified to operate on approved sustainable aviation fuel (SAF) blends, with 10 engine models tested with 100 per cent SAF to date.
"GE Aerospace also works closely with fuel producers, regulators and policymakers to accelerate SAF adoption and affordability," he added.
GE Aerospace is a global provider of jet and turboprop engines as well as integrated systems for commercial, military, business and general aviation aircraft.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Weekly Wrap: Gold Prices Dip Amid Global Market Volatility
Weekly Wrap: Gold Prices Dip Amid Global Market Volatility

BusinessToday

time42 minutes ago

  • BusinessToday

Weekly Wrap: Gold Prices Dip Amid Global Market Volatility

Gold prices experienced a modest decline during the week of May 26 to May 30, 2025, influenced by global market dynamics and investor sentiment. In Malaysia, the price of 24-karat gold per gram decreased slightly over the week. This downward trend mirrored global patterns, where gold prices faced pressure due to various economic indicators and geopolitical developments. Bernama reported that physical gold was priced at US$3,312.40 per troy oz as per the London Bullion Market Association's afternoon fix on May 29. Internationally, gold prices were affected by a combination of factors, including shifting geopolitical scenarios and economic policy changes. Analysts noted that ongoing global tensions and economic uncertainties contributed to fluctuations in gold prices. Despite the week's decline, gold continues to be viewed as a safe-haven asset. Investors remain attentive to global economic cues, with many considering gold as a hedge against potential market volatility. Market analysts anticipate that gold prices will continue to respond to global economic developments in the coming weeks. Factors such as international trade agreements, monetary policy decisions and geopolitical events are expected to influence gold's trajectory. Related

Weekly Wrap: Cryptocurrency Market Sees Volatility Amid Corporate Investments and Regulatory Developments
Weekly Wrap: Cryptocurrency Market Sees Volatility Amid Corporate Investments and Regulatory Developments

BusinessToday

time42 minutes ago

  • BusinessToday

Weekly Wrap: Cryptocurrency Market Sees Volatility Amid Corporate Investments and Regulatory Developments

The cryptocurrency market experienced notable fluctuations during the week of May 26 to May 30, 2025, influenced by significant corporate investments and evolving regulatory landscapes. Bitcoin began the week trading at approximately US$109,023 on May 26. Throughout the week, Bitcoin faced downward pressure, closing at around US$103,999 on May 30, marking a decline of about 4.6%. The price fluctuations were attributed to profit-taking activities and broader market sentiment. Ethereum, meanwhile, mirrored Bitcoin's trend, starting the week at approximately US$2,546 on May 26 and closing at around US$2,529 on May 30, reflecting a slight decrease of about 0.7%. The Ethereum market experienced heightened trading volumes, especially during midweek sessions. Notably, GameStop announced a significant investment in Bitcoin, purchasing approximately US$513 million worth of the cryptocurrency. This move aligns with a broader trend of corporations integrating digital assets into their financial strategies. On the other hand, the annual Bitcoin conference in Las Vegas highlighted the increasing intersection of cryptocurrency and politics. Speakers, including members of the Trump family, advocated for crypto-friendly policies, suggesting potential shifts in the regulatory environment. Moving forward, analysts suggest that the cryptocurrency market will continue to respond to macroeconomic indicators and regulatory developments. Investors are advised to monitor upcoming economic data releases and policy announcements that could influence market dynamics. Related

Analysts: Ringgit faces choppy waters next week on US tariff uncertainty, Fed watch
Analysts: Ringgit faces choppy waters next week on US tariff uncertainty, Fed watch

Malay Mail

time3 hours ago

  • Malay Mail

Analysts: Ringgit faces choppy waters next week on US tariff uncertainty, Fed watch

KUALA LUMPUR, June 1 — The ringgit is likely to be traded cautiously against the US dollar next week amid ongoing uncertainties surrounding US tariff policy developments, said Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid. This follows renewed market uncertainty after a US federal appeals court granted the White House's request to temporarily pause a lower-court ruling that struck down President Donald Trump's tariffs on imports into the country. Earlier, the US Court of International Trade had ruled that the tariffs announced by Trump were illegal. However, the Trump administration challenged the ruling, which has briefly restored the tariffs while the appeal process runs its course. Besides that, he said attention will also turn to the upcoming US Federal Reserve's Federal Open Market Committee (FOMC) meeting scheduled for June 16-17. 'Key US economic indicators, particularly labour market data and inflation figures, will be closely watched. 'Important data releases such as nonfarm payrolls, the unemployment rate, and the Institute for Supply Management manufacturing index will serve as critical guidance for investors and traders,' he told Bernama, adding that current data suggests a moderating growth outlook. Hence, Mohd Afzanizam said the FOMC is likely to maintain its interest rate stance, given that tariff-related policies could pose future inflationary risks. Given these developments, he opined that the USD/MYR is expected to remain within the RM4.22–RM4.24 range in the coming week. The ringgit ended the week lower against the US dollar, closing at 4.2530/2605 on Friday from 4.2285/2345 a week earlier. The local note traded lower against a basket of major currencies. The ringgit depreciated versus the euro to 4.8169/8254 at Friday's close from 4.7985/8053 at the end of last week. It also fell vis-à-vis the Japanese yen to 2.9531/9585 from 2.9502/9546 and inched down against the British pound to 5.7284/7385 from 5.7072/7153 a week earlier. However, the ringgit traded mostly higher against ASEAN currencies. The local note improved against the Philippine peso to 7.62/7.64 from 7.65/7.66 a week before, edged up against the Indonesian rupiah to 260.4/261.1 from 260.7/261.1 and strengthened versus the Thai baht to 12.9507/9790 from 12.9744/13.0012 last week. However, it weakened versus the Singapore dollar to 3.2938/3002 on Friday from 3.2891/2940 the previous week. — Bernama

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store