Destini Bhd Expands Into The Commercial Aviation Sector

Destini Bhd a Malaysian integrated engineering solutions provider, recently expanded into the commercial
aviation market through the acquisition of 80% of the shares of SafeAir Technical Sdn Bhd via the Group’s
recently incorporated, Destini Aviation Sdn Bhd (DASB).

SafeAir is involved in the provision of aircraft Maintenance, Repair and Overhaul (“MRO”) services both in Malaysia as well as the SouthEast Asian region.

The acquisition involved the investment of RM1,400,000 in the share capital of SafeAir by DASB which will
result in the subscription of 1,400,000 shares.

Speaking on the new acquisition, Managing Director of Destini Bhd, Datuk Rozabil Abdul Rahman said, “By
welcoming SafeAir into the Destini family, DASB will be able to effectively increase the service offerings of the company as well as help to expand their customer list by supplementing their technical personnel, tools, and equipment. Destini intends to propel SafeAir into becoming one of the leading companies in the region
in its specific area of expertise.”

SafeAir was established in 2010 specifically to provide Technical Line Maintenance Services to Airlines
operating to Malaysia. Successfully obtaining Regulatory Approvals from the Civil Aviation Authorities of
Malaysia, Singapore, Thailand, and Philippines over the years, SafeAir now operates out of the Kuala
Lumpur International Airport (“KLIA”), the Penang International Airport (“PIA”), Sultan Azlan Shah Airport (“IPH”) as well as the Kota Kinabalu International Airport (“KKIA”).

Aside from currently providing services to four airlines from the abovementioned
Airports, SafeAir is also a major service provider to Kuala Lumpur Airport Services Sdn. Bhd. (“KLAS”), for Technical Line Maintenance.

SafeAir, currently manages approximately 5,000 turnarounds per annum. Postacquisition
by DASB, the company is in advanced stages of discussions with another four major Airlines for potential contracts, one of which will be a major long term contract. With all these potential contracts coming in, the company is estimated to reach approximately 60,000 turnarounds per annum, within the next two years, as the growth potential is tremendous for this particular subsector of the airline MRO industry.

Rozabil further added, “Over the next 3 years, we plan to develop a number of additional service offerings for potential clients, targeted at both narrow and widebody aircraft. By leveraging on the expertise of the Group’s fifteen years of experience in the Miliary Component MRO business, Destini next foray will be into the Commercial Aviation Component MRO Business which is expected to be commissioned before the end of FY15.”

Source : The Malaysian Insider