en.Wedoany.com Reported - HAECO, together with Japan Airlines (JAL), Vietnam's Sun Group, and Toyota Tsusho, has signed a joint venture agreement to build a new aircraft maintenance facility at Van Don International Airport in Vietnam.

The four companies signed the agreement on June 16, with the project valued at approximately $360 million. The facility will cover an area of 170,000 square meters (1.83 million square feet) and include a four-bay wide-body hangar with additional flexibility for narrow-body aircraft maintenance. The complex will also feature ancillary buildings, engineering spare parts and material warehouses, and training facilities.

The MRO facility is expected to begin operations by the end of 2028. HAECO stated that this investment is part of its "long-term growth strategy in Asia." JAL noted that the project "brings together the strengths of leading companies in aviation, maintenance, and industrial sectors." Under the cooperation agreement, JAL will contribute "operational and maintenance expertise based on safety and quality" and be responsible for human resource development, while Toyota Tsusho will provide its expertise in managing and developing global supply chains.

Van Don Airport, located in northeastern Vietnam, was built and is operated by Sun Group. In the future, the airport is also expected to serve as the operational hub for Sun Group's new airline, Sun PhuQuoc Airways. The partners stated that as air traffic demand grows, MRO demand in Vietnam is rising, and this project aims to address this structural supply-demand gap while enhancing Vietnam's aircraft maintenance capabilities and strengthening technical self-sufficiency.

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