A Philippine delegation represented by the Aerospace Industries Association of the Philippines (AIAP) and the Philippine Trade & Investment Center (PTIC) – Singapore participated in the recent Kuala Lumpur International Aerospace Business Convention (KLIABC). The event attracted over 80 international companies ranging from airlines, aircraft manufacturers, engine makers, airlines, suppliers and principals from around the globe.
Led by John Lee, AIAP President and PTIC-Singapore Commercial Counsellor Glenn Peñaranda, the group met with major aerospace leaders Airbus, Boeing and Rolls Royce. They visited as well Spirits Aerosystems, an aerostructure manufacturing facility in Malaysia.
“We are proud to have participated in this key convention as we promote the Aerospace Industry in the Philippines. The industry offers many opportunities for the Philippines and this convention provides an excellent forum to meet and network with all the principal players,” said AIAP and Applied Machining Corporation President John Lee.
The Philippines is home to three Tier 1 Original Equipment Manufacturers - Moog Controls Corporation, B/E Aerospace and JAMCO. In 2013, the Philippine exports of aerospace parts and components, culled from the revenue data of these companies registered at around US$ 294 million. This figure has been a significant increase from the past export figures of US$ 174 million and US$ 111 million on 2012 and 2011, respectively. In the same period, the industry contributed 0.15 percent to the local economy with direct employment reaching 2,200.
Based on the government’s aerospace road map, the sector targets to raise export revenues to $2.573 billion by 2022, which will enable it to contribute 0.57 percent to the local economy. Direct employment meanwhile, is targeted to reach 14,932 by 2022.
“We continue to reinforce our existing connections with major industry players and highlight opportunities in the Philippine MRO and aerospace manufacturing sectors for new investors. With our robust, reliable and skilled workforce at competitive costs, the country can support MRO and aerospace manufacturers from around the world,” said PTIC-Singapore Commercial Counsellor Glenn Peñaranda.
KLIABC was organized by MATRADE and BCI Aerospace to serve as a networking platform for trade partners in the local and international markets seeking outsourcing partners in Southeast Asia in the aerospace maintenance, repair and operations, engineering and design services, parts and components manufacturing and systems integration.
(From left) : Nelson Barcelona from precision toolings and fabrication manufacturer Onatech, Glenn Peñaranda, PTIC Commercial Counsellor for Singapore and Malaysia, John Lee, AIAP and Applied Machining Corporation President, DTI Undersecretary Prudencio Reyes and Lito Cañete from Applied Machining Corporation represented the Philippines at the Kuala Lumpur International Aerospace Business Convention