Microtecnica To Maintain Tornado Sweep Actuators
Mubadala Development Company
Maintenance, repair and overhaul (MRO) specialist SR Technics plans to build a new facility at Malta International Airport, with construction commencing soon, and to begin operating there in an existing hangar in the third quarter of this year. It hopes to benefit from lower labor costs in the region and from its location which gives the Switzerland-based group a foothold in the European Union.
It’s no secret that Piaggio Aero has been working on developing a jet, and this work has accelerated with the support of shareholders Tata and Mubadala. According to John Bingham, president and CEO of Piaggio America and chief marketing officer for Piaggio Aero, development of the P1XX jet is ongoing and the recession has allowed Piaggio Aero to hire some new talent to help bring the program to fruition.
Airliner maintenance group SR Technics (Stand CO1) has managed to bring the turnaround time for CFM56 engine overhaul down to 45 days. In January the first engine to be completed under its newly streamlined maintenance process was returned to German airline Hapag Lloyd Flug.
Boeing and Mubadala Development Co. yesterday signed a so-called strategic framework agreement covering “key” areas of collaboration, including such “mutual beneficial areas” as composite manufacturing, engineering, research and development, commercial maintenance, repair and overhaul, military maintenance and sustainment, pilot training and people development.
Al Ain-based Horizon International Flight Academy, which has assembled a fleet of nearly 30 aircraft since it was established in 2002, is looking for growth opportunities.
Mubadala Breaks Ground on Airbus Deal
Alenia Aeronautica plans to begin training, early next year, employees of Strata, the new composites aerostructures company formed by Abu Dhabi’s Mubadala Development Co. The Italian group, which has extensive experience with composites manufacturing, has been partnered with Mubadala (Stand C510) in the venture since October, when the sovereign wealth fund signed an agreement with its parent Finmeccanica (Stand C420).
Dubai Airshow shoppers looking to buy an aircraft made by a locally owned company need look no further than the Piaggio Avanti II. The eye-catching twin turbo-prop exudes the Italian style of its origins but Piaggio Aero Industries itself is exhibiting here under the auspices of its one-third shareholder Mubadala Development Co. of Abu Dhabi (Stand C510).
It has been one year since one of the world’s largest industrial conglomerates, India’s Tata Sons, purchased a one-third share of Piaggio Aero Industries, joining Italy’s Ferrari and Di Mase families and Mubadala Development of Abu Dhabi, UAE, as a primary shareholder.