Abu Dhabi: Mubadala Aerospace, a business unit of Mubadala and Goodrich, has signed a heads of agreement (HOA) to establish a joint venture company in the UAE to perform maintenance, repair and overhaul (MRO) work on aircraft landing gear.
Completion of the definitive joint venture agreement is anticipated within the next 12 months, with the target of having the Middle East's first dedicated landing gear facility fully operational by 2012.
The HOA was signed during the Farnborough Airshow by Homaid Al Shemmari, Executive Director of Mubadala Aerospace, and Mike Brand, President of Goodrich Landing Gear.
The signing was also attended by Troy Lambeth, the Chief Executive of Mubadala's recently established spare engine and rotable leasing subsidiary, Sanad Aero Solutions (Sanad).
Under the terms of the HOA, the joint venture company will provide MRO services and rotable support for landing gear on commercial aircraft, with its primary focus on customers in the Middle East region.
Sanad is expected to play a key role in supporting the joint venture company with rotable landing gear assets.
The company will initially support both Boeing and Airbus commercial aircraft, including the A380 and B777 models, with plans to extend to other commercial and military markets.
The facility will be based in the city of Al Ain in the Emirate of Abu Dhabi, alongside other Mubadala Aerospace companies including Strata, the high-tech composite manufacturing facility and AMMROC, the world-class military MRO centre, formed through a joint venture between Abu Dhabi Aircraft Technologies and Sikorsky.
