TWA AERO (Malaysia) and GMF AeroAsia (Indonesia) together with Muan County Office (South Korea) signed a MOU to establish a business collaboration to offer commercial MRO services at Muan International Airport in Jeollanam-do Province, South Korea. It is expected that after a short period of final due diligence a JV will be formed in early 2018 with a project completion date of 2020.
TWA AERO selected GMF AeroAsia as the preferred supplier and partner for MRO services. This is a natural fit that aligns with their expansion plans and enhancing development in the East Asian region notably South Korea.
TWA AERO evaluated multiple locations and selected Muan International Airport. This location has the distinct advantage of being an international civil airport with zero slot limitations coupled with extensive available development land. This is a combination not experienced at any other Korean locations. The project has been assisted with full cooperation and outstanding support of Muan County Office and Jellonam-do provincial governments.