AIROD's experience in the aviation industry dates back to 1976 when AIROD was first established as the Royal Malaysian Air Force (RMAF) heavy maintenance facility providing depot level services for aircraft, engines, aerocomponents and avionics in support of the RMAF.

In 1983, Aerospace Industries Malaysia (AIM), a three-way equity consortium, comprising of the Malaysian Ministry of Finance (through Khazanah Holdings), United Motor Works (UMW) and Malaysia Airlines (MAS) was established to spearhead the development of the national aerospace industry.

In January 1985, AIROD was selected as the first government organization to be corporatized under the Government of Malaysia privatization program. Thus AIROD became the principal subsidiary of AIM. Lockheed Aircraft Service Internation (LASI) was selected to participate as a joint venture partner (49%) with the objective of further enhancing AIROD as the premier aerospace maintenance facility in Malaysia.

In late 1994, UMW and LASI divested their equites to Malaysian Helicopter Services Berhad (MHS) and DZJJ Sdn. Bhd. (DZJJ) and AIROD became fully Malaysianized. In 1996, MHS sold its entire stake to Tan Sri Dato'Ahmad Johan's PJS Industries Sdn. Bhd. (PJS). PJS also acquired controlling interest in AIM (66.7%) making it the single largest shareholder of AIROD. The remaining 33.3% equity in AIM is still held by Khazanah Holdings. AIM currently owns 51% of AIROD, followed by DZJJ with 30% and PJS with 19%.

Since privatization, AIROD has embarked on an aggresive program of facility and capability modernization to position itself for growth in the international military and commercial aviation maintenance and modification business. AIROD has also diversified its business base and has formed subsidiary companies through strategic partnerships with OEMs and established maintenance organizations. The subsidiaries include Euroaircraft Services Sdn. Bhd., AIROD Alenia Technology Sdn. Bhd., AIROD Turbopower Sdn. Bhd. and Scandinavian Avionics Malaysia Sdn Bhd.

 

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