Brunei Darussalam is “poised to be the aviation centre of gravity”, for the Southeast Asia region, according to AeroAsia Holdings Corporation, a company leading an international collaboration venture to support the country’s aviation industry.
A memorandum of understanding (MoU) was signed by AeroAsia with a number of other companies to support this development at a signing ceremony at The Rizqun International Hotel on Friday.
AeroAsia said that as of 2023, the aviation services market is valued at approximately USD130 billion, adding that Airbus projects that this valuation is expected to nearly double to USD255 billion by 2042.
-- Courtesy of Borneo Bulletin