Attended MyAero- hosted by NAICO (National Aerospace Industry Corporation Malaysia (NAICO Malaysia) . We have surpassed 3 years since the abrupt halt of commercial airline passengers being able to freely fly around the world. Notwithstanding the fact that as early as December 2019, certain airlines were already feeling the substantial strain of routes to certain parts of Asia being blocked, due to what we thought at the time, was a virus contained in just one part of the world. As a result, in 2020 the aviation industry suffered its worst year in history for passenger demand. The predictions for the industry as a whole to return to pre-pandemic levels as early as late 2023, but almost certainly by 2024 are strong. The speed at which that happens will undoubtedly be affected partly by the economic climate and the affordability of rising travel costs as financial recovery continues for airlines and OEMs. Manufacturing is affected; Put simply, if less planes are in the air, that will most certainly slow manufacturing, along with maintenance, repair & overhaul (MRO) and that is exactly what happened. Fast forward to the present day n demand for aerospace manufacturing and MRO is strong. Order books are filling back up as we see increased travel for both business n leisure. So it doesn’t centre around demand, but supply. The 2030 Five core areas target - . Aerospace manufacturing . MRO . Engineering and design capabilities . R&T (Research and Technology) . Human capital Hence, different kind of approach will support in accelerating the Aerospace sector back to pre-pandemic levels and beyond. Kudos to Prof Ts. Shamsul Kamar ABU SAMAH & his team. #naico #aviation #airplane #mro #hangar #AeroManufacturing #manufacturing #aerospace #malaysia
