DAE to acquire 80% of Joramco

 

DUBAI / WAM

Dubai Aerospace Enterprise (DAE) Ltd. announced the signing of a definitive agreement to acquire 80 percent of Jordan Aircraft Maintenance Limited from The Abraaj Group.
The terms of the transaction were not disclosed. Joramco has a solid track record as a leading independent commercial aircraft maintenance, repair and overhaul (MRO) facility serving a wide range of customers in the Middle East, Europe, South Asia, Africa, Russia and the CIS countries. From its base in Queen Alia Int’ernational Airport in Amman, Joramco offers services on several aircraft models manufactured by Airbus, Boeing and Embraer.

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