Al-Aqeelah, a Kuwait based corporation, plans to set up a flying academy in Malaysia, investing a massive US100 million for the project.
The aviation academy will conduct various range of licensing courses for private, commercial and transporting pilots.
The Al-Aqeelah group has major businesses in aviation, real estate, industrial, fund management, oil and gas services, finance and investment. Apart from the flying school, it will also be starting an Islamic bank in the country, which will commence operation in January 2009.
Apart from being a center of flying and aviation, the company will also be establishing aircraft conversion center, as well as repair and overhaul facilities. The completion of the academy will see more local and international pilots to be trained and produced.
Some of the aviation firms in Australia and Japan have expressed their keenness to outsource their training to new the flying academy, which will be able to accommodate up to 4,00 pilots once completed.
Presently, there is a shortage of over 10,000 pilots worldwide, annually.
Three locations have been identified as the possible sites for the academy, which are Batu Berendam (Melaka), Kuantan (Pahang) and Senai (Johor). Batu Berendam is also home to one of the country’s most established flying schools, the Malaysia Flying Academy (MFA).