Pecca Group Bhd’s unit, Pecca Aviation Services Sdn Bhd, has inked a memorandum of understanding with France-based Aero Cabin Solutions SAS (ACS) to explore opportunities in the aircraft interiors market in the Asia-Pacific.
In a filing with Bursa Malaysia on Wednesday (July 26), Pecca said the proposed business venture includes the forming of a one-stop aircraft solution centre based in Malaysia to supply upholstery seat covers, as well as to manage, repair and refurbish aircraft interiors under the European Union Aviation Safety Agency (EASA) approved capabilities.
“The collaboration will provide the full range of management and services for aircraft interior equipment including but not limited to passenger seats, attendant seats and galleys at the premises of Pecca Aviation,” the company said.
Pecca Aviation’s expertise lies in the production of aircraft upholstery seat covers and other related interior products, while ACS’s core competencies are in the maintenance, reconfiguration and refurbishment of entire aircraft interiors, it said.
“By collaborating on a one-stop aircraft interior solution centre in Malaysia, Pecca Aviation and ACS can offer and deliver a wide range of services and solutions to customers in the Asia-Pacific market,” Pecca added.
ACS has over 20 years’ experience in the maintenance, modification, design, engineering, certification and trading of aircraft cabin equipment, operating a 7,000 sq ft headquarters in Montpellier Airport, France. Its key customers include Macquarie Group, CCB Financial Leasing Corp and Garuda Indonesia.
“By collaborating with an established and experienced player in the international aircraft interior industry, Pecca believes it can potentially accelerate its plan to grow its revenue and
market share of higher-margin products, such as aircraft leather seats, and further expand its global and local customer base,” it added.
Pecca shares closed one sen or 0.93% lower at RM1.06 apiece, valuing the group at RM797.12 million.
By The Edge