Latest Breaking News On - Straits times pressm bhd - Page 6 : comparemela.com

Malaysia s aerospace sector to lose up to RM300mil during two-week EMCO? Ayisy Yusof © Provided by New Straits Times KUALA LUMPUR: Malaysia s aerospace sector is expected to incur between RM100 million and RM300 million of losses during the two-week period of Enhanced Movement Control Order (EMCO) from July 3-13 this year. The projection was made by Malaysia Aerospace Industry Association s (MAIA) members based on their initial survey after taking into account the temporary halting of operations. MAIA president Naguib Mohd Nor said local aerospace players could severely incur huge losses from contracts with Airbus and Boeing as well as other original equipment manufacturers (OEMs) as Malaysia was a critical part of the global supply chain.

Republic ofKuala lumpurMovement control orderCollins aerospaceTechnology research malaysia sdn bhdStraits times pressm bhdMalaysia aerospace industry associationIndustry ministryNew straitsEnhanced movement control orderNaguib mohd norNew straits timesInternational tradeTier oneSpirit aerosystemComposite technology research malaysia sdn bhd