Kiwi Aeronautical Firm Inks Multi-million Dollar Export Deal to Supply Royal Thai Air Force

May 2024

A new Memorandum of Understanding (MOU) signed between Thai Aviation Industries Co., Ltd (TAI), a leading maintenance, repair, and operations organization (MRO) in Thailand providing aircraft maintenance for the Royal Thai Air Force and NZAero, New Zealand’s only commercial aircraft manufacturer, will provide for the exclusive supply of parts as well as collaborating to expand TAI’s MRO capability for the service and repair of Government aircraft in Thailand.

The agreement will be signed during a seven-day mission led by Rt Hon Prime Minister Christopher Luxon with an accompanying business delegation to Singapore, Thailand and the Philippines. The diplomatic visit is designed to strengthen bilateral ties in the region, diversify trade, and promote New Zealand’s strong expertise and innovation across key sectors, including manufacturing and technology.

The deal will see NZAero supply a range of over 800 parts for Thailand’s CT4 Airtrainer fleet for use in military training operations.

Stephen Burrows, CEO of NZAero, highlighted Thailand’s government has launched plans to create a world-class aviation hub for the Asia-Pacific region. He underlined that Thailand has the second-largest economy in ASEAN and an annual defense budget of over USD 10 billion. The new multi-year agreement signed between Thai Aviation Industries Co., Ltd and NZAero is set to triple the value of NZAero’s parts and maintenance exports to ASEAN.

(Source: NZAero)

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