MRO Middle East: Mubadala-Boeing deliverables “this year”

Posted on 28 February 2010 in Maintenance

The first fruits of the Strategic Framework Agreement between Mubadala Development Company and Boeing will come through by the end of this year, Homaid Al Shemmari, associated director of aerospace for the Abu Dhabi company said at the MRO conference yesterday.

“We signed the agreement in 2009 and the relationship is going very well,” he said. “We are cooperating in everything from aerostructures, research and development, engineering and design, to education and people development.

“We have specific teams working on each area and we will announce agreements in each area over the next nine months as each comes to fruition.”

The Mubadala Aerospace arm of the Abu Dhabi government’s principle investment company is developing a global aerospace strategy that embraces everything from framework agreements with the world’s leading aerospace companies to investments such as its 35% stake in Italian business aircraft maker Piaggio Aero.

The Piaggio deal opens the way to the building of the first aircraft in Abu Dhabi, said Al Shemmari. “The next business aircraft platform will be built in Abu Dhabi from 2018.”

He made it clear that Mubadala Aerospace continues to study opportunities – either through acquisition or start-up – around the world, with a clear focus on the Asia-Pacific region.

“We are looking at different strategies in Asia-Pacific. There is no single template,” he said. “In some area we will acquire and in other areas we will operate on a green field basis. I can say that we are looking at that very actively and when the time is right we will make an announcement.”

Asked about possible developments in North America, he said: “It is the oldest established market so I would say that the green field approach is not the right way. That would not be true of India, say.”

He added that the key to developing Abu Dhabi as a global aviation centre was developing what he called a “one stop solution.”

He said: “We will offer something very specific – a one stop solution. We will be able to add value to customers by offering everything from finance to supply chain management

ENDS

Other Stories

SR Technics win new contracts with Qatar Airways and Thomson Airways

Farnborough Airshow: flyfubai seals pact with ADAT

Farnborough Airshow: IAE captures another key customer in the region

ULS turns to Turkish Technic for C-checks on freighers

ExecuJet gains Embraer maintenance approvals

AJW gives power by the hour support to Royal Falcon

Romanians sign MRO deal with EgyptAir

Wind Jet signs an APU repair contract with Turkish Technic

Turkish Technic signs maintenance contract with Yemen Airways

Etihad collects Airbus excellence award

Gulfstream's PlaneConnect now has extra online capability

Honeywell to provide definitive analysis of ash cloud ingestion

Buraq Air adds two more 737 to the A J Walter PBH support

EBACE: Rizon Jet and Oryx share a stage and roles for UK growth

EBACE: ExecuJet and RUAG come together for MRO offer

Race down the aisle

ST's Chan moves to Abu Dhabi to head ADAT

MRO Middle East: Beagle closes on Mid-East deal

MRO Middle East – French providers join together for Middle East strength

Avtrade boosts Middle East presence