OPERATIONAL REVIEW • D estini’s aviation and defence segment returned to profitability with PATNCI of RM3.35 million in FYE2021 from LATNCI of RM0.13 million a year before. This was from a revenue of RM82.53 million in FYE2021 from RM85.38 million the year before. • T he local commercial aircraft movement saw an increase in activity during the fourth quarter of the year from the opening of borders and the easing of travelling locally which was guided by the Governments stimulus packages to assist the local tourism industry. • W ith the increase in air traffic, Destini’s commercial aviation MRO business saw an increase in activity and was able to maintain its performance with the MRO and supply of survival and safety equipment to airlines that flew into our local airports. • D estini plans on strengthening its commercial aviation business by expanding its client base as more airlines are expected to create its presence at Malaysian airports in the years to come. • M eanwhile, as mentioned earlier the Group saw progress on the supply of six MD530G helicopters to the RMA. With the reopening of borders, the Army was able to travel to U.S.A to go through training as required under the contract. • S eeing a progress on the execution of the helicopter contract, Destini aims to handover all six helicopters to the RMA in 2022. • F ollowing the delivery of the helicopters, Destini plans on expanding its MRO of military aircrafts to include the helicopters thereby expanding its capabilities into servicing a wider range of aircrafts for the Armed Forces. EXECUTIVE CHAIRMAN AND MANAGEMENT DISCUSSION & ANALYSIS AVIATION & DEFENCE 32 DESTINI BERHAD • ANNUAL REPORT 2021
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