The event took place under the witness of Singapore’s Ambassador to Vietnam Catherine Wong and leaders of the Committee for State Capital Management at Enterprises, Ministry of Transport and Ministry of Science and Technology.

Concretizing the Memorandum of Understanding signed between VAECO and ST Engineering’s Aerospace sector in April 2018, the launch marked the establishment of the first and only aircraft component MRO joint venture in Vietnam to date.

As a venture between two leading aviation technology companies in Vietnam and Singapore, VSTEA will provide aircraft component MRO services to domestic and international airlines, which cater to such current aircraft as the Boeing 787, Airbus A350, A320, A321, and ATR72, as well as technical assistance in avionics, hydraulic, pneumatic, electro-mechanical, wheels, brakes, and emergency equipment.

Mr. Duong Tri Thanh – President & CEO of VNA affirmed the significant role of VSTEA in enhancing VNA’s operational efficiency, laying the foundation for Vietnam’s component MRO services (Cre: Vu Tuan).

“Our partner, ST Engineering Aerospace is one of the world’s largest MRO service providers in terms of scale and development capability. We believe this cooperation will bring significant benefits for both VNA and ST Engineering Aerospace in the growing aviation industry, marking the beginning of more fruitful achievements in the future,” said Duong Tri Thanh – President & CEO of VNA

“As a key driver for the growth of the global commercial aerospace sector, Asia is a market we have a strong focus on. We are happy to partner VNA, who is also a major customer, to set up our first facility in Southeast Asia outside Singapore. Combining VNA’s high-quality aviation talent and ST Engineering’s vast experience and expertise in MRO, our new joint venture will bring to the market world-class maintenance services that keep operators’ aircraft flying safely and smoothly,” said Lim Serh Ghee – President of ST Engineering’s Aerospace sector.

Mr. Lim Serh Ghee – President of ST Engineering’s Aerospace sector was delighted with the cooperation with Vietnam Airlines, one of the major customers, to establish the first MRO facility in Southeast Asia outside Singapore (Cre: Vu Tuan).

Leveraging ST Engineering’s aviation capabilities and track record, VSTEA is well-equipped to carry out MRO services at VNA’ existing technical facilities at Noi Bai and Tan Son Nhat airports.

Mrs. Nguyen Thi Phu Ha, Vice Chairman of the Committee for State Capital Management at Enterprises congratulated the success of Vietnam Airlines and Vietnam Airlines Engineering Company (VAECO) (Cre: Vu Tuan).

The unprecedented growth of  Vietnam and Asia – Pacific’s aviation market will further boost aircraft MRO industry in the region. The establishment of VSTEA enables VNA to integrate itself into the vast component MRO network while seizing opportunities to master the latest developments in aviation technologies in response to increasing needs towards sustainability of Vietnam’s aviation sector.

Delegates and guests attending the event (Cre: Vu Tuan).

The investment in high-tech resources and modern technology is part of VNA’s roadmap to improve its operational capacity and further affirm its pioneering spirit and its key role within the local aviation industry by adopting the world’s most cutting-edge science and technology.

Nguyen Mai Huong-COMM