Expanding Capacity Riding on the growth momentum of air travel, we remain steadfast in our expansion plans to meet future demand. New MRO facilities in Asia and the U.S. will progressively come online from 2025 to help us meet the anticipated rise in airframe MRO demand. These new facilities will enable us to better support fleet operators and their flying activities. Building Talent Pipeline We continue to build on our ongoing partnerships and collaborate with technical and academic institutions to set up talent development programmes, including apprenticeship schemes in communities where we have an operational presence. In addition to ensuring a robust talent pipeline that can support our growth plans, we will continue our efforts to attract and retain talent by offering training and rewarding career paths to our technicians and engineers. We set up testing capabilities for LEAP-1A and LEAP-1B engines, taking another step in preparing ourselves to provide PRSV services in 2025. DID YOU KNOW? When you stow your luggage or grip the seat armrest onboard an aircraft, you could be using one of our innovative 3D-printed cabin interior solutions. We help airlines with their hard-to-procure or frequentlydamaged cabin interior parts such as components in armrests and overhead bins using additive manufacturing technology, through redesigning and printing on demand. Our 3D-printed replacement parts also offer improved durability and availability. Deepening Capabilities Capability development is integral to our growth strategy and staying relevant to our customers. As airlines transition to new-generation aircraft platforms and engines, we make sure we have the capabilities to support their evolving MRO needs. For instance, to support operators that power their aircraft with the LEAP-1A and LEAP-1B engines, we are setting up the infrastructure to carry out PRSV services as early as 2025. We are also actively pursuing approvals to perform airframe MRO services on more aircraft types. KEY FOCUSES FOR 2025 Improve profitability by driving operational efficiency through continuous improvement and network optimisation efforts Ramp up nacelle and composite manufacturing capacity to meet aircraft OEMs’ delivery targets and support rising MRO demand with hangar facility expansion in Asia and the U.S. Fortify talent pipeline through partnerships with technical and academic institutions to support growth and capacity building plans Enhancement of our facilities and shop floor processes with digital AI technologies to sharpen competitive edge and improve productivity and safety 31 CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT
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