BUSINESS

SAS2022 RECORDS RM1.06 BLN TRANSACTION VALUE -- INVEST SELANGOR

30/09/2022 07:36 PM

SHAH ALAM, Sept 30 (Bernama) -- The Selangor Aviation Show 2022 (SAS2022), which was held from Sept 8 until Sept 10, recorded a potential transaction value of RM1.06 billion, said Invest Selangor.

In a statement today, the event organiser said that the three-day event held at SkyPark RAC, Subang, also saw a crowd of 10,563, surpassing the 8,000 visitors target.

“A total of 13 memorandums of understanding (MoUs) on various aerospace industry sub-sector collaborations were signed during SAS2022.

“Hong Kong-based green aviation technology company Volar Air Mobility Ltd, which inked the biggest MoU at the SAS2022 worth RM675.1 million, aims to introduce the first green air taxi service in Malaysia within two years,” it said. 

Invest Selangor added that Volar will collaborate with Selangor Aviation & Technology Innovation Sdn Bhd to promote green aviation in Malaysia.

“The MoU entails potential aircraft manufacturing; maintenance, repair and overhaul; air taxi service training; and research and development for a five-year period,” it said.

The event also managed to assemble a total of 62 exhibitors from five countries representing the world’s best in aerospace and aviation industries, displaying their exhibits either on the tarmac or in the exhibition booth at the venue.

The total number of static aircraft displayed was 30, almost double from last year’s SAS 2021, it added.

— BERNAMA

 

 


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