Asia Digital Engineering (ADE), the maintenance, repair and overhaul (MRO) arm of Capital A Bhd, has secured a US$100 million financing facility from QNB Group, a financial institution based in the Middle East and Africa.
In a statement, ADE said the financing will support its continued expansion and capacity growth as it strengthens its position as one of the region’s fastest-growing MRO providers.
The company said the additional funding will enhance its ability to serve a growing portfolio of airline customers, while also supporting its long-term anchor client, the AirAsia group.
ADE said the financing reflects strong confidence in its track record, growth momentum and long-term expansion potential.
Chief executive officer Mahesh Kumar said ADE has already completed more than 300 C-checks, highlighting the scale and consistency of its maintenance capabilities.
“These funds will accelerate our expansion plans, invest in additional capacity to meet strong and growing demand for MRO services, and strengthen our ability to deliver efficient, world-class maintenance that minimises downtime and maximises performance for our airline customers,” he said.
Capital A CEO Tan Sri Tony Fernandes said ADE has evolved from an internal engineering unit serving AirAsia into a growing aviation services provider supporting multiple international airlines, including Air France.
“I’m confident ADE will move even faster, expand further and seize the huge opportunities in the MRO space, ultimately becoming a regional powerhouse,” he said.
QNB Group senior executive vice president of Group Corporate and Institutional Banking Khalid Ahmed Al-Sada said the deal supports the growth of the aviation MRO sector in Asia and expands the bank’s international footprint across the Middle East, Africa and Southeast Asia.
ADE provides end-to-end engineering and maintenance services across the region, with a line maintenance network covering 20 airports across ASEAN and base maintenance capability of up to 16 lines, along with specialised workshops in Kuala Lumpur.
The company is also an Approved Maintenance Organisation in 18 countries and holds certifications from the European Union Aviation Safety Agency (EASA) and the US Federal Aviation Administration (FAA).
