10:09 | 28/10/2019 Companies
(VEN) - For 10 years (2009-2019) since it was established as a merger between aircraft maintenance enterprises A75 and A76, and Technical Departments under the national flag carrier Vietnam Airlines, the Vietnam Airlines Engineering Company (VAECO) has made great progress and contributed significantly to the development of Vietnam Airlines, strengthening its position as a reliable aircraft repair and maintenance service provider.
Long steps ahead
Currently, VAECO has six hangars and is capable to provide maintenance service simultaneously for two wide-body aircrafts and seven narrow-body aircrafts. It has been approved by the Civil Aviation Authority of Vietnam (CAAV) as an independent aircraft maintenance organization complying with the Vietnam Aviation Regulations - Part 5. VAECO has also received Part 145 approvals from the Federal Aviation Administration (FAA), the European Aviation Safety Agency (EASA) and more than 20 aviation authorities from Japan, the Republic of Korea, Singapore and other countries. VAECO provides maintenance service for the entire fleet of Vietnam Airlines and more than 60 other airline firms, both domestic and foreign. The company is capable to provide C checks and D checks for various types of aircraft, including Airbus A350 and Boeing B787.
High-quality human resources are one of the major factors making up VAECO’s success. Mr. Pham Anh Tuan, Executive Vice President of the company, said, “Aware of the important role of human resources to its development, VAECO has opened a training center to provide its technical staff with both theoretical and practical knowledge. The company can provide qualified technical staff for Vietnam Airlines and other airlines firms in the region, including those with new-generation aircraft models such as Airbus 350, Boeing 787 and Airbus A320Neo. Starting from 2,000 employees with 403 certified technical staff at the establishment. Currently, it has 2,846 employees with 1,400 certified technical staff.”
The company has mastered new technology to provide maintenance service for two modern aircraft models: Airbus A350-900 and Boeing B787-9. Over the past 10 years, VAECO has provided aircraft maintenance to ensure absolute safety for Vietnam Airlines flights. Last year, its revenue exceeded VND2.4 trillion, tripled that of 2009, and tax payments reached nearly VND 1 trillion.
Entering the era of Industry 4.0 with confidence
The Fourth Industrial Revolution is booming, bringing about changes in aircraft manufacturing technology and creating big challenges for airlines and aircraft maintenance facilities. New technologies have been applied in aircraft maintenance, especially for wide-body aircrafts. Pursuing the goal of becoming one of the leading Maintenance, Repair and Overhaul (MRO) service providers in the region, VAECO is investing in a new MRO-IT system which will enable the company to take the most advanced technological solutions such as barcode, QR code, RFID, mobile device and predictive maintenance to improve the entire maintenance process and system management in order to achieve higher efficiency and create higher profits.
The company has also used advanced maintenance support systems, such as Airman (Airbus) and AHM (Boeing), to control aircraft status, while at the same time joining Airbus’ further efforts to build the Skywise system based on big data technology to integrate all data pertaining to aircraft operation and maintenance history, which are useful for proactive maintenance, and monitor the efficiency of each aircraft throughout its operation. These solutions will help minimize costs and enhance the efficiency of aircraft utilization.
To contribute to the modernization of Vietnam Airlines’ fleet and the development of the aviation sector, along with strengthening its basic maintenance capability, especially for narrow-body aircrafts such as Airbus A320 and Boeing B737, VAECO is implementing necessary procedures to set up Vietnam Singapore Technologies Engineering Aerospace, a joint venture with Singapore Technologies Engineering, a leading MRO service provider in the region and worldwide. Through this joint venture, VAECO will gradually join the aircraft component maintenance service market to create high added value. The joint venture was approved by CAAV and commenced operations in August 2019.
“We will continue investing in hangars and other facilities and equipment in order to increase labor productivity, improve service quality and enhance operational efficiency. At the same time, we will intensify human resource training to meet the domestic market demand for aircraft maintenance service. VAECO will set up joint ventures with world-leading OEM and MRO service providers to master modern technologies and enhance its competitiveness,” Pham Anh Tuan said.
Contributing to ensuring absolute safety for nearly one million flights annually, more than 400 flights using 90 flight
routes to 20 domestic destinations and 29 international destinations per day, VAECO is getting closer to the goal of
becoming a leading MRO service provider in the region.