INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

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.”