MQTECH (0070) - MQ Technology inks aircraft parts deal with Jetline
Friday, 30 August 2013
KUALA LUMPUR: MQ Technology Bhd will supply services and parts of aircraft to Jetline International (M) Sdn Bhd over an initial 10 years.
MQ Tech said on Friday its unit, Microlead Precision Technology Sdn Bhd (MPT), had inked a contract manufacture agreement with Jetline the previous day.
It said JET has a manufacturing license from the Ministry of International Trade & Industries “to design, research and development, manufacture, fabricate, construct, tooling and assemble aircrafts and aircraft parts and components for business aircraft”.
Under the deal, JET would hire MPT to be the sole and exclusive manufacturer and producer of parts, equipment and components for all the aircraft to be produced by JET.
“JET shall disclose to MPT the technology as is necessary to enable MPT to manufacture the products in accordance with the specification,” it said.
http://www.thestar.com.my
Friday, 30 August 2013
KUALA LUMPUR: MQ Technology Bhd will supply services and parts of aircraft to Jetline International (M) Sdn Bhd over an initial 10 years.
MQ Tech said on Friday its unit, Microlead Precision Technology Sdn Bhd (MPT), had inked a contract manufacture agreement with Jetline the previous day.
It said JET has a manufacturing license from the Ministry of International Trade & Industries “to design, research and development, manufacture, fabricate, construct, tooling and assemble aircrafts and aircraft parts and components for business aircraft”.
Under the deal, JET would hire MPT to be the sole and exclusive manufacturer and producer of parts, equipment and components for all the aircraft to be produced by JET.
“JET shall disclose to MPT the technology as is necessary to enable MPT to manufacture the products in accordance with the specification,” it said.
http://www.thestar.com.my
