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SINGAPORE 2010: Abu Dhabi's Mubadala to buy third MRO firm

By Leithen Francis2010-02-03T07:32:00+00:00

Abu Dhabi investment firm Mubadala plans to buy another maintenance, repair and overhaul (MRO) firm by early 2011.

Mubadala is eyeing MRO firms in North America, Asia and India, says Mubadala executive director Homaid Al Shemmari

He says Mubadala's MRO firm SR Technics has Europe covered and its other MRO Abu Dhabi Aircraft Technologies has the Middle East and Africa covered.

North America is of interest because it is such a large MRO market and India and Asia is of interest because of the growth in these regions, he says.

"By early 2011 we will have a MRO business from one of those regions," he says.

All the latest news, images and video from the 2010 Singapore Airshow

Source: Air Transport Intelligence news

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