Represents next step to further integrate Abu Dhabi Aircraft Technologies (ADAT) and SR Technics to effectively position the businesses for the future
ABU DHABI, United Arab Emirates & ZURICH--(BUSINESS WIRE)--Mubadala Aerospace today announces the formation of a senior leadership team for its global Maintenance, Repair and Overhaul (MRO) network, encompassing ADAT in Abu Dhabi and SR Technics, based in Zurich, Switzerland.
While ADAT and SR Technics will continue to remain standalone legal entities, the new structure comes as a response to the changing global aviation service market and is aimed at developing an integrated, value-added offering which goes beyond the traditional MRO business model. It will include technical services, technical training, supply change management and traditional MRO services through its global operational locations across Europe, the Middle East and Asia. Sanad, Mubadala Aerospace's component and engine financing solutions company, will remain a standalone entity and offers a real differentiator for the Mubadala Aerospace MRO network, supporting increased liquidity for airlines and the Original Equipment Manufacturers (OEMs).
Homaid Al Shemmari will be the Chairman of the Mubadala Aerospace MRO network; Jeremy Chan is appointed Executive Vice Chairman; and James Stewart is appointed Group Chief Executive Officer, leading a highly talented leadership team with long-standing industry experience. Other key members of the leadership team are:
- Abdul Khaliq Saeed: President, MENA
- André Wall: President, Europe
- Abdulla Mohamed Shadid: Chief Commercial Officer
- Pierre Steffen: Chief Supply Chain Officer
Homaid Al Shemmari, Executive Director of Mubadala Aerospace and Chairman of the Mubadala Aerospace MRO network, commented: "I am confident that under the guidance of James Stewart and the global leadership team, the Mubadala Aerospace MRO network will be at the forefront of serving the industry's evolving needs as we progress with the continuing integration of ADAT and SR Technics and drive the strategy for the next stage of growth."
He continued: "The creation of a global aviation solutions business headquartered in Abu Dhabi will benefit all our key stakeholders, including customers, employees, and suppliers, and it also supports Mubadala Aerospace's long-term strategy to create a buoyant and sustainable aerospace industry in the Emirate."
James Stewart, Group CEO of the Mubadala Aerospace MRO network, commented: "The establishment of the global leadership team will position the Mubadala Aerospace MRO network to take us toward our goal of becoming a global market force with a unique offering of capabilities, geographic reach and scale. This will make it stand out in a challenging industry and global market environment, ensuring sustainable growth."
"Each organization brings exceptional value to the network; ADAT is an emerging player in the industry and the largest MRO provider in the Middle East, which is experiencing exponential growth in the aviation industry. SR Technics is recognized as a global leader in quality, technical expertise and customer service," he added.
"The near-term focus will be on developing a single go-to-market strategy through global supply chain and commercial functions, and we will be engaging all our stakeholders to ensure we develop an offering founded on long-term strategic partnerships, which delivers a unique value offering, the highest standards, innovation and customer focus across the global network in a more efficient and integrated way," Stewart concluded.
About Mubadala Aerospace
Mubadala Aerospace, a business unit of Mubadala Development Company, is a global network of aerospace businesses that demonstrates world-class performance, creates innovative products, and delivers value-added services to its customers. With the highest standards of safety, quality, and efficiency, it intelligently invests in a network of international businesses creating mutually-beneficial partnerships, and capitalizing on market opportunities ensuring sustainable value to its stakeholders, growing local Emirati talent, and driving opportunity for the aerospace industry.
Mubadala Aerospace has forged collaborative agreements with world-class aerospace and aviation companies leveraging the expertise necessary for advanced, end-to-end technologies, and manufacturing bases that offer both state-of-the-art facilities as well as a global reach. Creating value by providing its businesses with resources, Mubadala Aerospace has developed strategic partnerships with leading companies including Airbus/EADS, FACC, Alenia Aeronautica/Finmeccanica, GE, Sikorsky Aerospace Services, and Lockheed Martin Corporation to build and maintain a globally competitive advantage.
Its companies include: ADAT, AMMROC, SR Technics, Sanad, Strata, Horizon, and Piaggio. Each of these companies has proven expertise in its field and performs with a mutual endeavor to be best-in-class.
Mubadala Aerospace is hosting, in partnership with Abu Dhabi Airports Company (ADAC) and Al Yah Satellite Communications Company (Yahsat), Global Aerospace Summit 2012, a select, invitation-only gathering of global industry leaders across the aerospace, aviation and space sectors that aims to promote cross industry thought leadership. The event takes place in Abu Dhabi, United Arab Emirates, as a result of the Emirate's focus on economic diversification and investment that is leading to its emergence as an aerospace and aviation powerhouse on the world stage. For further information on Global Aerospace Summit 2012, taking place from 16 to 19 April 2012, please visit www.aerospacesummit.ae.
About the Mubadala Aerospace MRO network
A solid MRO network is one of the main facets of the aerospace industry that Mubadala Aerospace aims to build. In line with its greater vision to contribute to the aerospace sector for Abu Dhabi, Mubadala Aerospace is creating a network of companies which include a full spectrum of aerospace products and services.
A significant part of Mubadala Aerospace's growing MRO network, ADAT has recently engaged in many business ventures driving growth for itself, Mubadala Aerospace, and the aerospace industry for Abu Dhabi. ADAT is recognized as the Middle East's largest independent aviation technical solutions provider and has a comprehensive set of airframe, engine and component MRO capabilities.
SR Technics brings 80 years of experience to Mubadala Aerospace. As an integral part of the global MRO network, which is being developed by Mubadala Aerospace, SR Technics is a full-service provider of MRO for aircraft, component, and engine services. This is coupled with extensive engineering know-how, broad technical training offerings, and VIP completion services. The Zurich-based company is one of the largest independent providers of technical aircraft services in the world. Its main maintenance facilities in Zurich and Malta are further supported through a large European network of line stations as well as logistics centers at London Heathrow and Zurich.
About Mubadala Development Company
Mubadala Development Company (Mubadala) is a catalyst for the economic diversification of Abu Dhabi. Established and owned by the Government of Abu Dhabi, the company's strategy is built on the creation of partnerships and on long-term, capital-intensive investments that deliver strong financial returns and tangible social benefits for the Emirate of Abu Dhabi, and that contribute to the growth and diversification of its economy.
Mubadala brings together and manages a multi-billion dollar portfolio of local, regional and international investments and partners with leading global organizations to operate businesses across a wide range of industry sectors. These include aerospace, energy, healthcare, information communications and technology, infrastructure, real estate and hospitality, and services ventures. For more information about Mubadala please visit http://www.mubadala.ae.
*Source: ME NewsWire
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Contacts
Bell Pottinger Middle East
English Language:
Alisdair Haythornthwaite, +971-56-690-1725
ahaythornthwaite@bell-pottinger.co.uk
Arabic Language:
Mohammed Shaban, +971-55-559-7387
mshaban@bell-pottinger.co.uk
Swiss Media/German Language:
Karin Freyenmuth, SR Technics, +41-79-734-9043
karin.freyenmuth@srtechnics.com
James Stewart, Group CEO of the Mubadala Aerospace MRO network (Photo: Business Wire)