Rolls-Royce and Mubadala Development Company (Mubadala), the business development and investment company located in Abu Dhabi, the capital of the United Arab Emirates, today announced the launch of a new joint venture company to serve the rapidly expanding Middle East aviation services market.
The new joint venture will offer On-Wing Care through Abu Dhabi Aircraft Technologies (ADAT), which is the 12th largest maintenance, repair and overhaul company in the world. Services will include provision for a wide range of specialist line maintenance support services from boroscoping to engine changes for Rolls-Royce Trent family operators in the region. In addition, it will also launch a new service to provide asset management services for engine system accessories.
The new company joins a worldwide network of centres which can offer specialised support services at the closest point of operation for Rolls-Royce customers.
Homaid Al Shemmari, Director of Mubadala Aerospace, said: "Our partnerships with world-class companies like Rolls-Royce are solidifying the creation of Abu Dhabi’s aerospace hub. Specifically, this joint venture will attract knowledge intensive industries to Abu Dhabi."
Miles Cowdry, President - Services, at Rolls-Royce said: "The Middle East is a rapidly growing market, and the United Arab Emirates presents a major hub for airlines and aerospace activities within the region.
"The launch of this joint venture in Abu Dhabi extends our existing presence and close partnership with Mubadala. On-Wing Care and the launch of the line replacement units leasing pool form a valuable operational support to our customers and are part of our comprehensive, global service strategy."
Rolls-Royce has On-Wing Care service centres in London, Hong Kong, Frankfurt, Indianapolis and Singapore. The centre in Abu Dhabi will predominantly support the growing Trent engine family.
Abu Dhabi’s existing aerospace cluster is evolving rapidly into a significant global aerospace hub. Mubadala is investing the capital and building partnerships needed to develop an integrated sector consisting of manufacturing, maintenance, repair and overhaul, education, training, research and development.
Mubadala Development Company (Mubadala) is a leading business development and investment company based in Abu Dhabi. At the core of its strategy, Mubadala makes long-term, capital intensive investments to deliver strong financial returns and economic diversification. Its mandate is to transform the Emirate from a single-sector economy, driven predominantly by oil and gas, into a multi-sector global economy that comprises a range of thriving industries.
Mubadala is rigorously analytical in its selection of investments and partners, whether it is investing in established businesses such as Carlyle Group and Ferrari or creating new ones by partnering with leading international organizations like Cleveland Clinic. An investment vehicle of the Abu Dhabi Government, its focus is on developing the key industry sectors of healthcare, technology, aerospace, energy, real estate, and building links between them to ensure that the economy is fully integrated and sustainable.
Through these carefully selected investments and with the expertise and experience of best-in-class partners, Mubadala is setting the highest standards for business excellence in every sector. By establishing these benchmarks, Mubadala aims to cultivate new employment opportunities and improved standards of living; an attractive business environment for partners and investors; and continued prosperity for Abu Dhabi and its people
Mubadala already holds investments and owns stakes in aerospace companies.