Industry players set out to put PH on regional aerospace map | Inquirer Business

Industry players set out to put PH on regional aerospace map

/ 12:10 AM July 21, 2014

Local players in the aerospace industry will be rolling out their roadmap this week, as they seek to build up the country’s capabilities and eventually turn it into the region’s prime hub for maintenance, repair and overhaul (MRO) of aircraft.

Corazon H. Dichosa, executive director for the Board of Investments industry policy group, said the Aerospace Industry Association of the Philippines (AIAP) has already completed its roadmap and would present it during the Trade and Industry Development (TID) Update this week.

The roadmap “will identify the subsectors that the industry association wants to grow, particularly the parts and components, as well as maintenance, repair and overhaul business,” Dichosa said.

ADVERTISEMENT

“There is a huge potential for the local aerospace industry. As it is, we already have some of the MRO facilities here. We already have Lufthansa Technik, MOOG Technologies, and B/E Aerospace in the country. Add to that, there is an increasing number of engineering professionals, which means that we are slowly building our capabilities for this growing industry,” she explained.

FEATURED STORIES

AIAP is a new industry association and the group’s planned presentation of the roadmap will be a “very opportune time for them to make themselves known as an organized association,” Dichosa said.

What the AIAP wants is to link up with the right government agencies because they need marketing promotion, capacity building and training activities, she said.

Apart from the Department of Trade and Industry (DTI), the group wants to tap the Metals Industry Research and Development Center (MIRDC), an agency of the Department of Science and Technology, and Technical Education and Skills Development Authority (Tesda).

“The local aerospace industry will need specific skills for their operations. The group already had discussions with the MIRDC, but I don’t know if there are specific trainings that have been lined up,” Dichosa said. “Of course, the industry may seek certain incentives like tax exemptions, but more than asking special incentives, what the aerospace group needs is support from the government in terms of people, training, education and marketing abroad.”

Since the start of the year, the DTI has been pitching the Philippines as an MRO hub in the region among global players in the aerospace industry.  Amy R. Remo

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Airline industry, Business, economy, News

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.