Spirit AeroSystems, Joramco sign Memorandum of Understanding for MRO services cooperation
19 Oktober 2022 - 11:30AM
Business Wire
Spirit AeroSystems, Inc. [NYSE – SPR] announced today at MRO
Europe in London a Memorandum of Understanding (MOU) with Joramco,
the Amman-based maintenance, repair, and overhaul (MRO) provider
and the engineering arm of Dubai Aerospace Enterprise (DAE), to
explore cooperation in providing a wide range of repairs to and
services of composite and metallic aerostructures to customers in
the region.
A team of engineers and experts from both companies will be
formed to support the needs of operators, and shops, and develop
new repair processes as needed.
Joramco, based at Queen Alia International Airport in Amman,
Jordan, has more than 50 years of experience. It has built a solid
track record as a leading independent commercial aircraft
maintenance, repair and overhaul facility serving a wide range of
customers in the Middle East, Europe, South Asia, and Africa,
offering services on several aircraft models from the Airbus,
Boeing, and Embraer fleets. Joramco is certified by many
international regulatory authorities including the European
Aviation Safety Agency (EASA), the U.S. Federal Aviation
Administration (FAA) and the Jordanian Civil Aviation Regulatory
Commission (JCARC).
“We are eager to begin structural repair MRO operations in the
Middle East and look forward to working with Joramco,” said Kailash
Krishnaswamy, Senior Vice President for Spirit AeroSystems
Aftermarket Services. “Together, we will be able to offer better
value to our customers in the region by leveraging our structural
engineering expertise.”
Commenting on the occasion, Joramco CEO Fraser Currie said: “We
at Joramco are proud to announce our MOU with Spirit AeroSystems.
Our clients are accustomed to receiving high-quality maintenance
and repair and this new development will further fulfill our
promise to them. Together, we will explore exchanging expertise and
improve our current services and acquire new ones that are in
demand in the region.”
Spirit’s Aftermarket business continues to grow worldwide since
the 2021 acquisition of select Bombardier maintenance, repair and
overhaul operations in Belfast, Northern Ireland, and Casablanca,
Morocco; and the acquisition of assets from Applied Aerodynamics in
Dallas, Texas, USA.
Over the last year, Spirit Aftermarket services has opened
Spirit Evergreen Aftermarket Solutions (SEAS), a joint venture with
Evergreen Aviation Technologies Corp. in Taiwan; Signed an
agreement with Guangzhou Aircraft Maintenance Engineering Company
Limited (GAMECO) to be the Spirit Authorized Repair Center in
Mainland China; and is exploring an opportunity with Malaysia
Airlines Berhad (MAB) to develop maintenance, repair and overhaul
services for the 737 Next Generation Aircraft. Spirit’s Aftermarket
business revenues have grown from $186 million in 2019 to $239.9
million in 2021.
On the web: www.spiritaero.com
On Twitter: @SpiritAero
About Spirit AeroSystems Inc.
Spirit AeroSystems is one of the world’s largest
manufacturers of aerostructures for commercial airplanes, defense
platforms, and business/regional jets. With expertise in aluminum
and advanced composite manufacturing solutions, the company’s core
products include fuselages, integrated wings and wing components,
pylons, and nacelles. Also, Spirit serves the aftermarket for
commercial and business/regional jets. Headquartered in Wichita,
Kansas, Spirit has facilities in the U.S., U.K., France, Malaysia
and Morocco. More information is available at
www.spiritaero.com.
Forward-Looking Statements
This press release contains "forward-looking statements" that
may involve many risks and uncertainties. Forward-looking
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other similar words, or phrases, or the negative thereof, unless
the context requires otherwise. These statements reflect
management's current views with respect to future events and are
subject to risks and uncertainties, both known and unknown. Our
actual results may vary materially from those anticipated in
forward-looking statements. We caution investors not to place
undue reliance on any forward-looking statements. Important
factors that could cause actual results to differ materially from
those reflected in such forward-looking statements and that should
be considered in evaluating our outlook include, without
limitation, the impact of the COVID-19 pandemic on our business and
operations; the timing and conditions surrounding the full
worldwide return to service (including receiving the remaining
regulatory approvals) of the B737 MAX, future demand for the
aircraft, and any residual impacts of the B737 MAX grounding on
production rates for the aircraft; our reliance on Boeing for a
significant portion of our revenues; our ability to execute our
growth strategy, including our ability to complete and integrate
acquisitions; our ability to accurately estimate and manage
performance, cost, and revenue under our contracts; demand for our
products and services and the effect of economic or geopolitical
conditions in the industries and markets in which we operate in the
U.S. and globally; our ability to manage our liquidity, borrow
additional funds or refinance debt; and other factors disclosed in
our filings with the Securities and Exchange Commission. These
factors are not exhaustive and it is not possible for us to predict
all factors that could cause actual results to differ materially
from those reflected in our forward-looking statements. These
factors speak only as of the date hereof, and new factors may
emerge or changes to the foregoing factors may occur that could
impact our business. Except to the extent required by law, we
undertake no obligation to, and expressly disclaim any obligation
to, publicly update or revise any forward-looking statements,
whether as a result of new information, future events, or
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version on businesswire.com: https://www.businesswire.com/news/home/20221019005512/en/
Media: Forrest Gossett (316) 371-6751 forrest.s.gossett@spiritaero.com
Investor Relations: Aaron Hunt (316) 523-7040
investorrelations@spiritaero.com
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