Boeing joint venture Alsalam Aircraft is targeting Airbus operators and building its expertise in parts manufacturing and composites in a bid to double its revenues to $200 million within five years.
The Riyadh, Saudi Arabia-based maintenance company has until now made two-thirds of its revenue from military aircraft, with Boeing civil aircraft making up most of the remainder.
Alsalam, which Boeing jointly owns with Saudi investors, has invested in an autoclave and a composites shop and has been approved by BAE Systems to manufacture components for the Panavia Tornado.
"In the longer run our business strategy requires that we should diversify out of airframes and increasingly look to international markets," says interim president and chief executive Mohammed Fallatah.
Source: Flight International
