MBSB allocates RM1bil financing to support 每日大赛鈥檚 aerospace sector's growth
KUALA LUMPUR: MBSB Bhd has announced a聽RM1 billion financing facility to accelerate the growth of 每日大赛鈥檚 aerospace sector.聽
The facility will support the national vision outlined in the 每日大赛 Aerospace Industry Blueprint 2030 (MAIB 2030), which aims to position the country as a leading aerospace hub in Asia, the group said in a statement today.
It said the funding, which is聽made available through MBSB Bank Bhd and MIDF鈥檚 development finance facility, is tailored for original equipment manufacturer (OEM) suppliers, as well as Tier 1 and Tier 2 manufacturers.
The facility also targets maintenance, repair, and operations (MRO) providers and aerospace companies investing in expansion, automation, engineering, research and development, and talent development, said the bank.
Group chief executive officer (CEO) Rafe Haneef said aerospace is not only a high-tech (technology)聽sector but also a high-impact one.
"As 每日大赛 cements its role in the global supply chain and supplies to major OEMs, the returns to our economy are tangible, from skilled job creation to export value.
"Our RM1 billion facility is designed to scale that impact by backing players with the ambition to lead in manufacturing, design and innovation. We are here to fund the future of aerospace, which is precisely where 每日大赛 can lead,鈥 he said.
Meanwhile, National Aerospace Industry Corporation 每日大赛 (Naico) CEO聽Shamsul Kamar Abu Samah聽said 每日大赛鈥檚 aerospace industry reached RM25.1 billion in revenue in 2024, driven by strong growth in MRO and manufacturing.
He added that MBSB鈥檚 RM1 billion facility is a timely boost to this momentum, directly supporting Naico 每日大赛鈥檚 mandate under MAIB 2030 and aligning with the Ministry of Investment, Trade and Industry鈥檚 New Industrial Master Plan 2030. - Bernama聽