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ASIA AEROSPACE CITY TRAINING CENTRE (AACTC)

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ASIA AEROSPACE CITY TRAINING CENTRE

SKYVAX SETS UP AT AAC TO HOUSE PILOT TRAINING ACADEMY

Local company SKYVAX secures 100,000sqft at AAC to supply trained professional airlines pilots

Langkawi, 17 March 2015 – SKYVAX Sdn Bhd (SKYVAX), a local company providing aviation related services focusing in the area of pilot training that will house its pilot training academy in the Asia Aerospace City (AAC).

Through its subsidiary, Skyvax Simulators Sdn Bhd (SkyvaxSim), SKYVAX is poised to invest in a multi-million pilot training facilities. The training centre is estimated worth of RM 300 million inclusive of 8 Full Flight Simulators, building infrastructure and other pilot training facilities.

The company has committed to a 100,000sqft purpose-built centre at the aerospace hub in Subang, Malaysia. The agreement was exchanged between SKYVAX, Czech Aviation Training Centre (CATC) and M-AeroTech Sdn Bhd (M-AeroTech) on 9th February 2015 in Prague, Czech Republic.

This Local company is set up in 2014, has ventured into a pilot training programme with a European-based training provider and aims to expand as a simulator provider. The company also intends to diversify its product offerings into other areas of the business such as aircraft sale & purchase and human capital training for crews.

The company aspires to become the first ‘full-fledged’ independent Authorized Training Organisation (ATO) in the region.

The training centre will house the state-of-the-art facilities such as Level D Full Flight Simulators, Flight Training Devices, Computer Based Training facilities and others.

Nashrie Akil, Group Chief Executive Officer, SKYVAX said that the company has been growing well, and wish to establish itself as a key player in the services they provide.

“It is extremely encouraging to experience this level of growth. We have decided on AAC to ensure that our growth is supported by the right components and we have access to the technologies and industry network. We believe that AAC is able to provide us with the support as a young growing business,” he adds.

AAC is the aerospace hub in Subang, Malaysia, offering a complete business eco-system for the aerospace industry, providing high quality engineering services, industry-relevant human capital, iconic infrastructure, and strong government support, a competitive hub for industrial talent, cost efficiency, connectivity and resources.

“We have positioned the AAC as the centre of the aerospace industry in the region. We want companies to ‘want’ to be in AAC because it supports the industry needs, as a complete eco-system. The AAC not only caters to the large multinationals, but also the small and medium enterprise, which plays a significant role in the aerospace industry,” comments Zulfikri Osman, Chief Operating Officer, M-AeroTech.

M-AeroTech is the revenue generating unit of AAC and is a wholly owned subsidiary of Majlis Amanah Rakyat (MARA).

ABOUT ASIA AEROSPACE CITY

Asia Aerospace City (AAC) is ‘the’ aerospace hub in Southeast Asia with a complete business eco system that aims to bridge the gap between technical proficiency-competence and engineering facilities that are required by top aerospace industry players. With the full support of the Malaysian government, it offers a complete aerospace business ecosystem through its promise of high-quality engineering services, skilled human capital, an iconic infrastructure, and business advisory services as well as government support that includes tax incentives, financial and administrative support, with high emphasis on Intellectual Property policies.

With a well-established regional center of aviation Maintenance, Repair and Overhaul (MRO) – Subang Centre as its nexus, AAC is a hub connecting all the relevant companies, capabilities and assets in the aerospace industry.

Majlis Amanah Rakyat (MARA), a key Malaysian government agency for human capital and entrepreneurship, is the main driver to ensure the implementation of AAC via its subsidiaries Mara Aerospace and Technologies Sdn Bhd (M-AeroTech) and Pelaburan MARA Berhad (PMB). M-AeroTech oversees the revenue generation of ACC through its 6 strategic business units (Engineering Services, Professional Development Centre, Research & Technology, Business Consulting Centre, Investment and Infrastructure) whilst PMB serves as the master developer in meeting AAC’s infrastructure needs.

SKYVAX Simulators Sdn Bhd is a subsidiary of Skyvax Sdn Bhd is established to fill a niche in the growing demand for professional pilot training. SKYVAX is a well-established provider of aviation training solutions, working with client airlines across the globe. SKYVAX offers a wide portfolio of services, but specializes in cadet assessment and selection, type ratings and flagship ab initio training programs, all of which are tailored and optimized to operational needs of its partner airlines. It serves the domestic and South East Asia market from its base in Petaling Jaya where it works collaborates with a few Approved Training Organizations (ATOs) in Europe with the wide range of EASA certified Full Flight Simulator training. SKYVAX has played a major part to help the unemployed pilot in Malaysia to pursue with their dream as an airline pilot. To date, 100% of its graduates from SKYVAX program are employed by our airline partners. SKYVAX has a proven track record of entering new markets and developing local relationships with regulators and airlines to cross-certify training programs between countries

The Czech Aviation Training Centre is a limited liability company wholly owned by Air Navigation Services of the Czech Republic, the state enterprise, existing and organized under the laws of the Czech Republic. CATC is a highly experienced provider of training services for aviation related personnel. With its exceptional team of fully qualified professionals CATC offers a wide range of services in aviation training field such as air crew training, maintenance training, type ratings, IATA courses, dangerous goods training and aviation English courses. As far as air crew training is concerned more than 1000 type ratings were conducted since beginning of CATC activities. CATC cooperates with more than 25 airlines not only from the Czech Republic but also from different parts of the world