KUALA LUMPUR (May 22): Asia Digital Engineering (ADE), the maintenance, repair and operations (MRO) subsidiary of Capital A Bhd (KL:CAPITALA), has secured a US$100 million financing facility from QNB Group. 

The financing will support ADE’s continued expansion and capacity growth as it scales its capabilities and strengthens its position as one of the region’s fastest-growing MRO providers.

Mahesh Kumar, CEO of ADE, in a statement said: "This reflects our financial track record, disciplined execution, and clear growth strategy. In just five years, ADE has completed more than 300 C-checks, demonstrating the scale and consistency of our capabilities. 

"These funds will accelerate our expansion plans, invest in additional capacity to meet the strong and growing demand for MRO services, and strengthen our ability to deliver efficient, world-class maintenance."

Tan Sri Tony Fernandes, CEO of Capital A, stated: "What started as an internal engineering capability serving AirAsia has now evolved into a fast-rising aviation services business supporting multiple global airlines, including customers like Air France, and attracting serious institutional support. I’m confident [that] ADE will move even faster, expand further, and seize the huge opportunities in the MRO space, ultimately turning into a regional powerhouse".

Khalid Ahmed Al-Sada, senior executive vice-president of QNB Group, commented: "This is another step forward to actively support aircraft maintenance, repair, and overhaul financing and airspace growth in the Asian market, broadening QNB’s international footprint supported by its vision to become a leading bank in MEASEA (Middle East, Africa, and Southeast Asia), while maintaining dominant market leadership".

ADE offers end-to-end engineering and maintenance solutions across the region, with its line maintenance network spanning 20 airports across Asean, supported by base maintenance capability of up to 16 lines.