MBSB offers RM1b to aerospace sector

KUALA LUMPUR: MBSB Group announced a RM1 billion financing facility to accelerate the growth of Malaysia’s aerospace sector. MBSB said the facility supports the national vision outlined in the Malaysia Aerospace Industry Blueprint 20230, led by the Investment, Trade and Industry Ministry and the National Aerospace Industry Coordinating Office, to position Malaysia as a leading aerospace hub in Asia. The funding is tailored for OEM suppliers, Tier 1 and Tier 2 manufacturers, MRO providers and aerospace companies.