Metrojet to infuse $40M in Clark repair facility
CLARK FREEPORT, Pampanga — Hong Kong-based Metrojet Engineering Clark is expected to infuse $40 million to its maintenance, repair and overhaul (MRO) facility in a three-hectare area inside the Clark Aviation Complex.
This was learned from Clark International Airport Corporation (CIAC) president Victor Jose I. Luciano, who announced the opening of the MRO on Monday.
Luciano said Metrojet will start catering Fixed Based Operations for Corporate Jets in their first MRO facility that will also service various types of aircrafts and capacities at the aviation complex.
CIAC and Metrojet, through its Philippine representative First CP Hangar Corporation, signed a deal in December 23, 2011.
โWe will now have another MRO facility that will provide service to various types of aircrafts and capacities inside the aviation area of Clark International Airport that would be operated by Metrojet, and this will create employment and business opportunities for the Filipino people,โ Luciano said.
โMetrojetโs decision to locate in Clark is another significant milestone for Clark, coming on the heels of our recent inaugurals of new international and domestic flights from Clark,โ he added.
Metrojet executive director Bjorn Naf also said by investing in Clark, they will have more flexibility in providing excellent service to their clients and create employment and business opportunities.
โThis again reiterates our support to the Clark International Airport to become the next aviation hub in the Philippines,โ he said.
โWe will have a more definitive business plan after some time in operation as we need time to establish ourselves in Clark. A time within three years from now will be reasonable for us to develop our business in the Philippines,โ Naf added.
Naf said Metrojet will utilize its first MRO facility that will cater its 26 fleet of aircraft in various types and capacities with an initial investment of $4 million.
The entry of Metrojet brings in to two the number of MRO facilities in the Clark International Airport.
The Singapore Engineering Philippines was the first to set up a $1 billion MRO facility and already on its way to build the second hangar for wide-bodied aircraft.
Luciano said, โMetrojetโs entry sends a strong signal to the international community that the Philippines is ready to play a central role in the global aviation industry.โ
Metrojet is part of the Kadoorie Group which owns China Light and Power Company and the Peninsula Hotel Chain.
It will offer a range of services such as aircraft charter, comprehensive aircraft management, maintenance, co-ownership programs, aircraft acquisition and sales. The aviation firmโs proposed heavy maintenance for Clark will also include avionics upgrade and exterior paint work for aircraft.
Executive Secretary Paquito Ochoa said: โThe President has announced that the country is open for business, and the decision of Metrojet to set up a shop in Clark is proof that foreign investors are listening.โ
โOur government is focused on assuring investors that we are serious about undertaking reforms that will make it attractive for them to invest in the country. These include efforts to provide a level playing field for businessmen and guaranteeing them a government that is consistent with its policies and is faithful to the rule of law,โ said Ochoa.
Clark Airport is currently hosts to several budget and legacy carriers flying out of Clark with Domestic and International flights with Asian destinations.
The airport is enjoying 300 aircraft movements weekly due to the additional flights by Air Asia Philippines, Airphil Express and Dragonair recently. Other carriers operating at Clark Airport includes Cebu Pacific Air, South East Asian Airlnes (Seair), Asiana Airlines and Jin Air.
http://www.sunstar.com.ph/pampanga/local-news/2012/06/04/metrojet-infuse-40m-clark-repair-facility-225160
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