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CTRM AVIATION SDN BHD TO PROVIDE 26 EAGLE 150B LIGHT AIRCRAFTS FOR LEASING BY LOCAL AND FOREIGN FLYING ACADEMIES

Langkawi, 5 December 2007: CTRM Aviation Sdn Bhd (CTRM AV), a subsidiary of Composites Technology Research Sdn Bhd (CTRM) today sealed its agreement to lease 26 units of its Eagle 150B light aircrafts to Young Eagle Group of Thailand and Gulf Golden International Flying Academy (GGIFA) of Malaysia.

In the early 1990s, CTRM AV started its business in developing and manufacturing the Eagle 150B light aircrafts, built from composites materials at its facilities in Batu Berendam, Melaka. CTRM AV has been certified by the Civil Aviation and Safety Authority of Australia (CASA) followed by Federal of Aviation Authority of the United States of America (FAA) and other aviation authorities, Thailand, New Zealand and Malaysia.

“In 2002, CTRM AV established its Aircraft Leasing Services Division to overlook the sales and lease activities for its Eagle aircrafts,” explained Y Bhg. Datuk Rosdi bin Mahmud, Chief Executive Officer, CTRM.

Operating from Don Muang and Bangphra Airport, Young Eagle Company Limited also owns Phoenix Airline, which is currently operating King Air as its charter business. They also provide Commercial Pilot Programme with Central Aircrew Training (CAT) of Australia using their existing Piper and Cessna aircrafts, which would be expanded with 10 Eagle 150Bs leased from CTRM AV for period of 3 years.

GGIFA will be leasing a total of 16 Eagle 150Bs packaged with maintenance and related support services as a move to enhance its training capabilities at its base in Bintulu Airport, Sarawak.

Currently there are 12 pioneer students conducting their training at GGIFA and the number of enrolment is expected to add up to 150 students at their temporary campus. With the completion of their new 45-acre campus, GGIFA is expected to train up a maximum 600 trainees.

“We are very pleased with the leasing contract to supply the a total of 26 units of Eagle 150B light aircraft to GGIFA and Young Eagle Group for training purposes, especially for flight cadets who are attending courses to acquire the Commercial Pilot License. We are now a major light aircraft supplier in this region,” says Y Bhg Datuk Rosdi Mahmud, Chief Executive Officer, CTRM.

The signing of the leasing agreement is held at Mahsuri International Exhibition Centre, in conjunction with LIMA ’07. En Abd Razak Mohamad Zin, Head of CTRM AV represents CTRM Aviation, while Capt. Jiratid Ong-Aree represents Young Eagle Company Limited and Y Bhg Dato’ Morshidi Abdul Rahman represents Gulf Golden International Flying Academy. The signing is witnessed by YAB Dato’ Seri Najib bin Tun Abdul Razak, Deputy Prime Minister of Malaysia.

CTRM AV has also been leasing the Eagle 150B light aircrafts to various flying clubs in the region.

 
 
 
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