INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Lufthansa Technik to provide technical expertise to Joramco

    • The agreement will allow Joramco to enhance its in-house capabilities

    • LTME will relocate a number of its spares to Joramco facility

    Lufthansa Technik Middle East (LTME) and Joramco, the Amman based Maintenance, Repair and Operations (MRO) and the engineering arm of Dubai Aerospace Enterprise (DAE), have signed an MoU to provide technical expertise and several MRO solutions to Joramco, a press release issued by the two companies said.

    The agreement will allow Joramco to enhance its in-house capabilities with the help of LTME, and allow LTME to relocate a number of its spares to the Joramco facility for consignment stock and repair capability.

    This allows LTME to enhance their MRO business as they are Joramco’s preferred MRO service provider. This benefits their end customers, providing the airline companies a cost-effective solution.

    “I would like to thank Joramco for the trust they have placed in our services and for choosing us as their preferred MRO service provider,” Ziad Al Hazmi, chief executive officer at Lufthansa Technik Middle East said. “The satisfaction of our customers is always a number one priority for both our companies and I really look forward to seeing the fruits of our cooperation.”

    Jeff Wilkinson, chief executive officer at Joramco said that agreement marked “a significant step forward.”