PETALING JAYA: Asia Digital Engineering Sdn Bhd (ADE), the maintenance, repair and overhaul (MRO) subsidiary of Capital A Bhd, has secured a US$100 million (RM396 million) financing facility from QNB Group, one of the leading financial institutions in the Middle East and Africa, reflecting strong confidence in the company’s proven track record, accelerating growth trajectory, and long-term expansion potential.
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. The additional capacity is expected to enhance ADE’s ability to serve a growing portfolio of airline customers, while supporting its long-term anchor customer, the AirAsia Group.
ADE CEO Mahesh Kumar said, “We are proud to have earned the trust and support of a leading international bank such as QNB, and we sincerely appreciate their confidence in ADE. 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 that minimises downtime and maximises performance for our airline customers.”
Capital A CEO TanSri Tony Fernandes said, “This is a testament to what ADE has become, and I’m incredibly proud. 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 ADE will move even faster, expand further, and seize the huge opportunities in the MRO space, ultimately turning into a regional powerhouse.”
Commenting on the landmark deal, QNB Group senior executive vice-president, group corporate and institutional banking, Khalid Ahmed Al-Sada said: “This successful financing reflects QNB Group’s strong track record of international financing arrangements. This is another step forward to actively support Aircraft Maintenance, Repair, and Overhaul (MRO) financing and airspace growth in the Asian market, broadening QNB’s international footprint supported by its vision to become a leading bank in Measea while maintaining dominant market leadership.”
ADE offers end-to-end engineering and maintenance solutions across the region. Its line maintenance network spans 20 airports across Asean, supported by base maintenance capability of up to 16 lines, alongside a range of specialised workshops in Kuala Lumpur.
ADE has earned recognition as an Approved Maintenance Organisation in 18 countries, alongside achieving certification from the European Union Aviation Safety Agency and the US Federal Aviation Administration.
