Mubadala, the Abu Dhabi-based investment and development company, and Etihad Airways have signed a Memorandum of Understanding (MoU) at the Dubai Airshow worth potentially $1 billion over a 10-year period.
The agreement was signed by Homaid Al Shemmari, chief executive, Aerospace and Engineering Services, Mubadala, and James Hogan, president and chief executive of Etihad Airways, and covers a range of new contracts.
Under the terms of the MoU, Etihad will appoint Mubadala’s SR Technics, a provider of aircraft, component, engine and technical services, as its preferred service provider on commercially competitive terms.
In addition, Mubadala and Etihad are exploring the feasibility of the establishment of a best-in-class narrow body maintenance, repair, and overhaul facility in Eastern Europe, with discussions already progressing with concerned parties.
“The strong partnership between Etihad Airways and Mubadala is a key strategic driver in the development of Abu Dhabi as a global aviation hub,” said Mr Hogan.
“Building on the success of our collaboration to date will give us the scale to expand the range of services we jointly offer, and help keep our respective organisations at the forefront of the global aviation and aerospace industries.” Mr Al Shemmari added.
Archived
10 years ago
Cirrus launched Let’s Go Fly!, a first-of-its-kind app created for Apple Vision Pro that delivers an immersive introduction to Personal Aviation—the freedom, convenience and acce...
Air passenger rights in Europe are at a critical crossroads. On June 2, the European Union’s Conciliation Committee will meet for a final round of negotiations on the revision of the European re...
Liebherr-Aerospace and Loong Air launched a long-term collaboration, with Liebherr-Aerospace providing major repair and re-coring services for the heat transfer equipment on Loong Air’s A320ceo/...
ExecuJet MRO Services Australasia is expanding its Falcon maintenance capability in Sydney, with new investments in specialist tooling, training and technical resources to support upcoming Falcon 7X h...
