KUALA LUMPUR: Malaysia’s aerospace sector is expected to incur between RM100 million and RM300 million of losses during the two-week period of Enhanced Movement Control Order (EMCO) from July 3-13 this year.

The projection was made by Malaysia Aerospace Industry Association’s (MAIA) members based on their initial survey after taking into account the temporary halting of operations.

MAIA president Naguib Mohd Nor said local aerospace players could severely incur huge losses from contracts with Airbus and Boeing as well as other original equipment manufacturers (OEMs) as Malaysia was a critical part of the global supply chain.

“Prior to the first MCO, the aerospace industry was making RM16.4 billion per year. The first MCO saw the revenue dropped by about 65 per cent. Prior to this EMCO, it was hovering around 50 per cent reduction in revenue,” he told the New Straits Times recently. Read more