Wednesday 21/05/2025

^{From left: MoU exchange between YBhg Datuk Hazlee Jehan, CEO of PWN Excellence, Prof. Ts. Shamsul Kamar Abu Samah, CEO of NAICO and Naser Jan, Head, Commercial Banking EXIM Bank Malaysia (fifth from left), witnessing the MoU exchange is YB Liew Chin Tong, Deputy Minister of MITI (middle) and , YB Ng Sze Han, Selangor State EXCO for Investment, Trade & Mobility (Fourth from left).}


LANGKAWI, May 21 (Bernama) -- In a significant move to elevate Malaysia’s aerospace ambitions, Export-Import Bank of Malaysia Berhad (EXIM Bank) today formalised two strategic partnerships, one with the National Aerospace Industry Corporation Malaysia (NAICO) and another with PWN Excellence Sdn. Bhd. (PWNE), to drive innovation, financing accessibility, and global competitiveness in the nation’s aerospace ecosystem.
 
The partnerships, a Memorandum of Understanding (MoU) with NAICO and an Islamic Financing Facility Agreement with PWNE were signed during the Langkawi International Maritime and Aerospace Exhibition (LIMA) 2025 and witnessed by YB Liew Chin Tong, Deputy Minister of Investment, Trade and Industry (MITI). Together, these partnerships establish a framework that connects financial support with industry development, ensuring Malaysia’s aerospace sector has the necessary resources to scale globally.
 
The MoU with NAICO establishes a collaborative framework to strengthen Malaysia’s aerospace sector which is a key high-value industry under the New Industrial Master Plan (NIMP) 2030. The MoU will enable tailored financial solutions from EXIM Bank such as trade and project financing, export credit takaful, and collaboration with equity financing partners to address financing gaps and empowering aerospace businesses with the essential support to thrive, strengthen liquidity, and optimize gearing for sustainable growth.
 
Complementing this, EXIM Bank also signed an Islamic Term Financing Facility Agreement with a value of RM30.23 million with PWNE, aimed at acquiring new Full Flight Simulator, expanding Malaysia’s high-tech aviation training capacity. This latest facility builds upon EXIM Bank’s total financing with PWNE of over RM107.0 million, underscoring the bank’s ongoing commitment to advancing aerospace technologies and infrastructure.
 
These strategic investments reflect the type of high-impact projects EXIM Bank seeks to support through its MoU with NAICO, focusing on capacity building, industry competitiveness, and the development of high-value aerospace services. The initiatives help to strengthen Malaysia’s aerospace sector, supports industrial growth, and enhances its position as a regional aviation training hub.

Nurbayu Kasim Chang, President / Chief Executive Officer of EXIM Bank said, “Malaysia’s aerospace sector holds immense potential to drive innovation, create high-income jobs, and boost global competitiveness. Through our partnerships with NAICO and PWNE, EXIM Bank is delivering the strategic financing and support needed to build world-class capabilities, expand training infrastructure, and position Malaysia as a regional hub for aerospace excellence.”
 
Building Malaysia’s Aerospace Training Hub
PWN Excellence was established to meet the growing demand for simulator training in the Asia-Pacific region. A key milestone for the company was its appointment as an Authorised Synthetic Training Centre (ASTC) by Leonardo S.p.A. Helicopter Division, offering AW139 Level D Full Flight Simulator (FFS) training.
 
“Equipped with state-of-the-art facilities, including the region’s first AW139 Level D Full Flight Simulator, PWNE has attracted a significant number of international trainees, who now make up over 60% of its clientele. This not only contributes to foreign exchange inflows but also reduces capital outflow by localizing high-value training services in Malaysia”, said Datuk Hazlee Jehan, Chief Executive Officer, PWN Excellence.
 
Malaysia’s Aerospace Industry: A Growing Global Player
Malaysia’s aerospace industry is experiencing rapid growth, backed by RM1.5 billion in approved investments in 2024, with a strong inflow of foreign direct investments (FDI). As the global aerospace market heads toward USD3 trillion by 2035, Malaysia is emerging as a high-value aerospace hub, attracting top players like Boeing, Airbus, Safran, and Rolls-Royce into its thriving aerospace supply chain. As such, Malaysia is poised to support the comprehensive supply chain ecosystem spanning from aero-manufacturing, Maintenance, Repair & Overhaul (MRO), engineering, and R&D.
 
The sector targets RM55.2 billion in annual revenue and 32,000 high-income jobs by 2030, guided by the National Aerospace Industry Blueprint 2030 and aligned with the goals of NIMP 2030, positioning Malaysia at the forefront of Southeast Asia’s aerospace revolution.
 
“Malaysia’s aerospace industry has reached RM25.1 billion in revenue in 2024, with strong growth driven by MRO services and rising demand for parts and components in aerospace manufacturing. The MoU with EXIM Bank is timely. By aligning NAICO Malaysia’s strategic initiatives under MAIB 2030 with EXIM Bank’s targeted financial tools for export, we are empowering local aerospace companies to scale globally” said Prof. Ts. Shamsul Kamar Abu Samah, CEO of NAICO.
 
To facilitate market entry and expansion into the aerospace ecosystem, businesses can leverage several ongoing initiatives from EXIM Bank. These include legal fee support of up to RM15,000 for Islamic financing, as well as double tax deductions for trade credit takaful contributions, with up to 65% support for key sectors. Additionally, eligible Bumiputera companies can access financing of up to RM10 million under the EXIM–Teraju programme, which provides security support of up to RM2 million. Furthermore, SIP2 financing offers up to RM20 million, featuring a 1% profit rate incentive along with opportunities for co-financing with equity partners.
 
Through these initiatives, EXIM Bank together with NAICO and PWNE are paving the way for Malaysian aerospace businesses to scale, innovate, and thrive in global markets, unlock new opportunities and contribute to Malaysia’s rise as a key global aerospace player.
 
For more information, visit www.exim.com.my or contact 03-2601 2089.

ABOUT EXIM BANK
Established on 29 August 1995, Export-Import Bank of Malaysia Berhad (EXIM Bank) provides financing and advisory support to Malaysian businesses pursuing global ventures across diverse sectors. EXIM Bank fulfills its mandate to enhance the competitiveness of Malaysian industries internationally, offering comprehensive banking and insurance products.
 
Effective 1 May 2025, EXIM Bank became a subsidiary of Bank Pembangunan Malaysia Berhad (BPMB). 

SOURCE: EXIM BANK

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Azmin Hamzah
Head 
Corporate Communication Department 
Tel: +603 2601 2371
Fax: +603 2601 2469
Email: azmin@exim.com.my 
Website: www.exim.com.my 

Name: Sheila Shaik 
Senior Manager  
Corporate Communication Department 
Tel: +603 2601 2383
Fax : +603 2601 2469
Email : sheila.shaik@exim.com.my 
Website : www.exim.com.my

--BERNAMA