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April 25, 2018

Malaysia and EPI sign deal to extend TP400 engine service contract

The Malaysian Minister of Defence (MoD) has signed an agreement with Europrop International (EPI) for the one-year service contract extension for the company’s TP400 engines.

The Malaysian Minister of Defence (MoD) has signed an agreement with Europrop International (EPI) for the one-year service contract extension for the company’s TP400 engines.

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Under the terms of the agreement, the company will continue to deliver its support and maintenance, repair and overhaul (MRO) services for a fleet of 19 TP400 engines used to power the Royal Malaysian Air Force ’s A400M aircraft.

EPI commercial director John Leathers said: “We are delighted to extend our partnership with the MoD of Malaysia.

“The number one mission of EPI is to allow our customers to fly any time. And the only way to achieve this goal is to provide them with a dedicated local support.”

EPI will also deploy a new contractual scheme with partner Global Turbine Asia (GTA ) by the end of this year to ensure that the Royal Malaysian Air Force continues to receive timely MRO support for the aircraft engines.

““The number one mission of EPI is to allow our customers to fly any time.”

As part of the deal, EPI will support GTA to obtain Approved Maintenance Organization (AMO ) certification from EPI, in addition to other certifications from the European Aviation Safety Agency and the Malaysian airworthiness authority DGTA.

Designed to power Airbus ’s A400M military transport aircraft, the TP400 is a high-performance turboshaft engine that features a three-shaft configuration and has the capability to deliver a maximum power output of 11,000shp.

EPI was established by four major European aero-engine companies, namely Industria de Turbo Propulsores , MTU Aero Engines , Rolls-Royce and Safran Aircraft Engines , to support the TP400 engine programme.

Last March, EPI signed an in-service support (ISS) agreement with The Malaysian Government to provide support services for TP400 turboprop engines.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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  • Identify the top investors already active in any sector-Geography combinations
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