Airline News
Etihad-Mubadala sign $1billion MRO deal with others to follow
November 13th 2015
Mubadala, the Abu Dhabi-based investment and development company, and Etihad Airways have signed a Memorandum of Understanding (MoU) that will allow the firms to explore new areas of cooperation. Read More »
Signed at the 2015 Dubai Airshow by Homaid Al Shemmari, chief at Mubadala’s aerospace and engineering arm, and Etihad chief executive, James Hogan, the agreement covers a range of new contracts with a potential value of $1 billion in the next decade. Under the MoU, Etihad will appoint Mubadala’s SR Technics, one of the world's leading providers of aircraft, component, engine and technical services, as its preferred service provider on commercially competitive terms.
Mubadala and Etihad are exploring the feasibility of setting up a narrow body MRO facility in Eastern Europe, with discussions progressing with concerned parties.
Saudi Aerospace Engineering Industries (SAEI), the technical arm of state-owned Saudi Arabian Airlines (SAUDIA), is building a 3.5 billion riyal ($933 million) MRO plant in Jeddah, which it said would be the largest such installation in the Middle East, in a venture led by Turkish airport builder and operator TAV.
Scheduled for completion at the end of 2016, the huge project - one million square metres (10.7 million square feet) – will have 11 hangars and 28 component shops, plus an engine shop.
SAEI has 5.3 billion riyals in service contracts with 30 airlines and plans to expand to 60 or 70 operators once the new facility comes online. At the Dubai Airshow, it signed a MoU with Germany’s Lufthansa.
Bombardier Commercial Aircraft has signed a MoU with Abu Dhabi Aviation (ADA) to establish the region’s first authorized service facility (ASF) for line and base maintenance on Bombardier’s Q Series. The venture aims to win the business of several Bombardier turboprop operators in Africa.
