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.
"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," said Homaid Al Shemmari, Director of Mubadala Aerospace.
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."
There are 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.
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Rolls-Royce and Abu Dhabi's Mubadala launch new aviation joint venture
- United Arab Emirates: Tuesday, July 15 - 2008 at 16:00
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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.
L-R: Homaid Al Shemmari, Director of Mubadala Aerospace, Mubadala Development Company; Waleed Al Mokarrab, Chief Operating Officer, Mubadala Development Company; Al Muhairi Miles Cowdry, President - Services, at Rolls-Royce.
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Posted by Medilyn Manibo, Assistant News EditorTuesday, July 15 - 2008 at 16:00 UAE local time (GMT+4)
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Mubadala Development Company
Mubadala Development Company (Mubadala) is a Public Joint Stock Company headquartered in Abu Dhabi, capital of the United Arab Emirates. Its focus is on developing and managing an extensive and economically diverse portfolio of commercial initiatives. It does this either independently or in partnership with leading international organizations. Mubadala's commercial strategy is fundamentally built on long term capital intensive investments that deliver strong financial returns.
The company manages a multi-billion dollar portfolio of local, regional, and international investments, projects and initiatives. Through its investment and development projects, Mubadala is both a catalyst for, and a reflection of, the drive for economic diversification of the Emirate of Abu Dhabi. Its impact is evident domestically and internationally in sectors such as energy, aerospace, real estate, healthcare, technology, infrastructure, and services.
Mubadala's sole shareholder is the Government of the Emirate of Abu Dhabi.
Mubadala already holds investments and owns stakes in aerospace companies.
•Abu Dhabi Aircraft Technologies: Mubadala owns 100% of the company.
•Piaggio Aero Industries: Mubadala acquired 35% in the second quarter of 2006.
•SR TECHNICS: Mubadala owns 40% of the consortium's stake that is made up by Mubadala, Dubai Aerospace Enterprise and Istithmar.
•Horizon International Flight Academy: Mubadala owns 100%
Rolls-Royce
1.Rolls-Royce has a growing presence in the Middle East, where it is playing an important role in the development of the region across all the Group's sectors - civil aerospace, defence aerospace, marine and energy.
2.The Group's involvement with Mubadala began in 2005 with a Memorandum of Understanding with Mubadala to explore a number of mutually beneficial opportunities across the Middle East. The relationship between Rolls-Royce and Abu Dhabi began more than 30 years ago with Avon gas turbines which have been used by Abu Dhabi to pump its oil since 1973. Rolls-Royce aero gas turbines have been maintained in Mubadala's wholly-owned Abu Dhabi Aircraft Technologies facilities for more than 20 years.
3.In the energy sector, the Dolphin gas-pipeline project, in which Mubadala has a 5 % share, launched the Industrial Trent gas turbines. The five industrial engines derived from our Trent aero-engine family will pump 2 billion cu. ft of gas per day through 370 kilometres of pipeline from Qatar. Rolls-Royce has 400 industrial gas turbines in the region.
4.The Group has more than 1,000 military engines in operation, covering all the defence market sectors, including the Adour, powering Hawk trainers and the T56 on C-130 transport aircraft, as well as numerous helicopter engines.
5.Marine products are in service throughout the commercial and naval sectors. UT Design offshore support vessels are being built for Abu Dhabi.
6.In April 2008, Rolls-Royce signed an MoU with Al Taif Technical Services, which is wholly-owned by Mubadala, under which it will provide service support to Rolls-Royce Distributed Generation Systems.
7.Rolls-Royce is also participating in the Masdar vision to position Abu Dhabi as a world-class research and development hub for new energy technologies. It is being managed by the Abu Dhabi Future Energy Company (ADFEC), a government-owned organisation wholly-owned by Mubadala Development Company.
More information on Rolls-Royce in the Middle East is available on
www.rolls-royce.com/middle_east/default.
For further information:
Rolls-Royce
Neil Williams
Civil Aerospace Communications
Rolls-Royce plc
Tel: +44 (0)1332 248704
Fax: +44 (0)1332 269540
Mubadala Development Company PJSC
J. Jacquelyn Miller
Corporate Communications Manager
Mubadala Development Company
Mobile: + 97150 812 1626
Mubadala Development Company (Mubadala) is a Public Joint Stock Company headquartered in Abu Dhabi, capital of the United Arab Emirates. Its focus is on developing and managing an extensive and economically diverse portfolio of commercial initiatives. It does this either independently or in partnership with leading international organizations. Mubadala's commercial strategy is fundamentally built on long term capital intensive investments that deliver strong financial returns.
The company manages a multi-billion dollar portfolio of local, regional, and international investments, projects and initiatives. Through its investment and development projects, Mubadala is both a catalyst for, and a reflection of, the drive for economic diversification of the Emirate of Abu Dhabi. Its impact is evident domestically and internationally in sectors such as energy, aerospace, real estate, healthcare, technology, infrastructure, and services.
Mubadala's sole shareholder is the Government of the Emirate of Abu Dhabi.
Mubadala already holds investments and owns stakes in aerospace companies.
•Abu Dhabi Aircraft Technologies: Mubadala owns 100% of the company.
•Piaggio Aero Industries: Mubadala acquired 35% in the second quarter of 2006.
•SR TECHNICS: Mubadala owns 40% of the consortium's stake that is made up by Mubadala, Dubai Aerospace Enterprise and Istithmar.
•Horizon International Flight Academy: Mubadala owns 100%
Rolls-Royce
1.Rolls-Royce has a growing presence in the Middle East, where it is playing an important role in the development of the region across all the Group's sectors - civil aerospace, defence aerospace, marine and energy.
2.The Group's involvement with Mubadala began in 2005 with a Memorandum of Understanding with Mubadala to explore a number of mutually beneficial opportunities across the Middle East. The relationship between Rolls-Royce and Abu Dhabi began more than 30 years ago with Avon gas turbines which have been used by Abu Dhabi to pump its oil since 1973. Rolls-Royce aero gas turbines have been maintained in Mubadala's wholly-owned Abu Dhabi Aircraft Technologies facilities for more than 20 years.
3.In the energy sector, the Dolphin gas-pipeline project, in which Mubadala has a 5 % share, launched the Industrial Trent gas turbines. The five industrial engines derived from our Trent aero-engine family will pump 2 billion cu. ft of gas per day through 370 kilometres of pipeline from Qatar. Rolls-Royce has 400 industrial gas turbines in the region.
4.The Group has more than 1,000 military engines in operation, covering all the defence market sectors, including the Adour, powering Hawk trainers and the T56 on C-130 transport aircraft, as well as numerous helicopter engines.
5.Marine products are in service throughout the commercial and naval sectors. UT Design offshore support vessels are being built for Abu Dhabi.
6.In April 2008, Rolls-Royce signed an MoU with Al Taif Technical Services, which is wholly-owned by Mubadala, under which it will provide service support to Rolls-Royce Distributed Generation Systems.
7.Rolls-Royce is also participating in the Masdar vision to position Abu Dhabi as a world-class research and development hub for new energy technologies. It is being managed by the Abu Dhabi Future Energy Company (ADFEC), a government-owned organisation wholly-owned by Mubadala Development Company.
More information on Rolls-Royce in the Middle East is available on
www.rolls-royce.com/middle_east/default.
For further information:
Rolls-Royce
Neil Williams
Civil Aerospace Communications
Rolls-Royce plc
Tel: +44 (0)1332 248704
Fax: +44 (0)1332 269540
Mubadala Development Company PJSC
J. Jacquelyn Miller
Corporate Communications Manager
Mubadala Development Company
Mobile: + 97150 812 1626
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