Vietnam Airlines, Milcon Gulf Group to Establish MRO Facility in Vietnam

10:10:47 AM | 5/26/2006

Vietnam Airlines (VNA) has recently signed a Memorandum of Understanding (MoU) with Milcon Gulf Group to study to form a major Maintenance, Repair and Overhaul facility in Vietnam.
 
Milcon Gulf Group will partner with VNA to establish a new MRO company which will provide MRO services to VNA and other air carriers worldwide.
 
Once completed, the facility will provide a full range of engineering and maintenance services including overhaul, repair of aircraft components for both Boeing and Airbus fleets with a particular emphasis on Airbus A320, A321 and Boeing 777 aircraft. The new company, which will have significant maintenance facilities both in Hanoi, in Ho Chi Minh City and Da Nang, will provide maintenance services within Vietnam, Asia, Middle East and eventually to Europe and Americas.
 
During the signing of the MoU attended by representatives of both companies, Mr. Pham Van Nuoi the Vice President of Engineering of VNA said “VNA is very excited about this new joint venture and the prospect of establishing a major maintenance and repair facility here in Vietnam”.
 
Mr. Shameem Qurashi, Chairman of Milcon Gulf Group also said “Milcon Gulf Group has a long history of involvement in Vietnam and we are very excited about working with our partners on this project. With its young, highly qualified and trainable workforce, Vietnam is very well positioned to become a key player in the growing worldwide MRO marketplace”
 
Established in 1989, Vietnam Airlines is the national flag carrier of Vietnam flying an ever expanding number of routes throughout Europe, Asia and Australia. The airline operates one of the most modern airline fleets including Boeing777 aircraft. Airbus A320 family aircraft as well as the future acquisition of new Boeing 787 Dreamliner aircraft.
 
Milcon Gulf Group is a privately held conglomerate involved in international projects across a variety of industries and sectors, including aerospace, banking and finance, project structuring, joint venture development, energy, petroleum, information technology, mining, real estate, shipping, telecommunications, tourism and trading. Since the early 1980’s the Milcon Group has developed, financed and delivered several landmark projects in a variety of countries including the Floating Hotel to Ho Chi Minh City Vietnam which was hailed by the international community.