Dubai Aerospace Enterprise

Aerospheres Forms Consignment Agreement with Joramco

Retrieved on: 
Wednesday, November 15, 2023

Representatives from Aerospheres and Joramco participated in the ceremony.

Key Points: 
  • Representatives from Aerospheres and Joramco participated in the ceremony.
  • Aerospheres has been a trusted partner of Joramco, supplying aviation-related chemicals for many years.
  • Under this agreement, Aerospheres will consign an agreed inventory to Joramco, allowing them to consume directly from stock.
  • “We now have many large MROs and airlines participating in consignment programs, across the globe, and we’re thrilled to now include Joramco as a consignment customer.”
    Commenting on this agreement, Chief Executive Officer of Joramco, Fraser Currie, said, “Here at Joramco, we are proud in our ability to lead the way and set new industry standards.

CalmWave to Present at U.S. Senator Maria Cantwell’s “Future of AI Forum”

Retrieved on: 
Monday, August 21, 2023

Senator Maria Cantwell’s “Future of AI Forum” on Monday, Aug. 21.

Key Points: 
  • Senator Maria Cantwell’s “Future of AI Forum” on Monday, Aug. 21.
  • It will bring together senior government officials, leaders from academia and industry, technologists, and the national and local technology press.
  • “We are honored to have been selected by Senator Cantell to participate in the ‘Future of AI Forum’ and demonstrate our ‘Transparent AI’ platform designed to improve Nurse Retention.
  • We started our company here in Washington with the assistance of world-class AI institutions like the Allen Institute for Artificial Intelligence (AI2).

Joramco Named as Spirit AeroSystems Authorized MRO Center in Middle East

Retrieved on: 
Wednesday, March 1, 2023

Spirit AeroSystems, Inc. announced today an agreement with Jordan Aircraft Maintenance Company, Joramco, to be a Spirit Authorized Maintenance, Repair and Overhaul (MRO) center.

Key Points: 
  • Spirit AeroSystems, Inc. announced today an agreement with Jordan Aircraft Maintenance Company, Joramco, to be a Spirit Authorized Maintenance, Repair and Overhaul (MRO) center.
  • Joramco will provide a wide range of repairs and services of composite and metallic aerostructures to customers in the region.
  • Under this agreement, Joramco will initially provide total nacelle repair services to both Airbus A320 and Boeing 737 aircraft in partnership with Spirit AeroSystems.
  • Spirit AeroSystems, Inc. ("Spirit") is a subsidiary of Spirit AeroSystems Holdings, Inc. [NYSE: SPR] (“Spirit AeroSystems”).

Spirit AeroSystems, Joramco sign Memorandum of Understanding for MRO services cooperation

Retrieved on: 
Wednesday, October 19, 2022

Joramco, based at Queen Alia International Airport in Amman, Jordan, has more than 50 years of experience.

Key Points: 
  • Joramco, based at Queen Alia International Airport in Amman, Jordan, has more than 50 years of experience.
  • 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.
  • Commenting on the occasion, Joramco CEO Fraser Currie said: We at Joramco are proud to announce our MOU with Spirit AeroSystems.
  • Together, we will explore exchanging expertise and improve our current services and acquire new ones that are in demand in the region.

Aviation Expert Erik Deutsch Joins AE Industrial Partners Aerospace Opportunities Fund as Chief Technical Officer

Retrieved on: 
Tuesday, August 10, 2021

BOCA RATON, Fla., Aug. 10, 2021 /PRNewswire/ --AE Industrial Partners, LP ("AEI"), a private equity firm specializing in Aerospace, Defense & Government Services, Space, Power Generation, and Specialty Industrial markets, announced today that Erik Deutsch, a 25-year plus aviation expert, has joined the firm as Chief Technical Officer of the AE Industrial Aerospace Opportunities Fund, effective immediately.

Key Points: 
  • BOCA RATON, Fla., Aug. 10, 2021 /PRNewswire/ --AE Industrial Partners, LP ("AEI"), a private equity firm specializing in Aerospace, Defense & Government Services, Space, Power Generation, and Specialty Industrial markets, announced today that Erik Deutsch, a 25-year plus aviation expert, has joined the firm as Chief Technical Officer of the AE Industrial Aerospace Opportunities Fund, effective immediately.
  • In this new role, Mr. Deutsch will oversee all technical management of assets, acquisition analysis, technical deal strategy, lease portfolio management, and the lease delivery and redelivery processes for the AE Industrial Partners Aerospace Opportunities Fund.
  • "I am excited to help the AEI Aerospace Opportunities Fund manage its existing portfolio, as well as identify new investment opportunities."
  • AE Industrial Partners is a private equity firm specializing in aerospace, defense & government services, space, power generation, and specialty industrial markets.

KBRA Assigns Preliminary Ratings to Falcon 2019-1 Aerospace Limited

Retrieved on: 
Friday, October 11, 2019

Kroll Bond Rating Agency Europe Limited (KBRA) assigns preliminary ratings to three series of notes (the Notes) issued by Falcon 2019-1 Aerospace Limited (Falcon Cayman) and Falcon 2019-1 Aerospace USA LLC (Falcon 2019-1 USA, and, together with Falcon Cayman, Falcon 2019-1, or the Issuers).

Key Points: 
  • Kroll Bond Rating Agency Europe Limited (KBRA) assigns preliminary ratings to three series of notes (the Notes) issued by Falcon 2019-1 Aerospace Limited (Falcon Cayman) and Falcon 2019-1 Aerospace USA LLC (Falcon 2019-1 USA, and, together with Falcon Cayman, Falcon 2019-1, or the Issuers).
  • This is the fourth term securitization of aircraft managed by Dubai Aerospace Enterprise (DAE) Ltd. (DAE, the Company or Servicer) who will act as servicer for Falcon 2019-1.
  • The Portfolio consists of 20 narrowbody aircraft (65.5% by value) and 3 widebody aircraft (34.5% by value).
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .

Composite Material Use in the Global Commercial Aerospace, 2019 - While Use of Composite Material Continues to Grow, It Does Not Dominate the Commercial Aerospace Industry - ResearchAndMarkets.com

Retrieved on: 
Wednesday, March 20, 2019

The "Composite Material Use in Global Commercial Aerospace, 2019" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Composite Material Use in Global Commercial Aerospace, 2019" report has been added to ResearchAndMarkets.com's offering.
  • Over the last decade, the commercial aerospace sector has had two carbon fiber composite aircraft introduced.
  • The Boeing Company delivered the 787 Dreamliner, with Airbus quickly following suite with its new A350 XWB.
  • While 50% of the former's weight is made up of composites, the latter surpasses this with 53% composite content.

1-Day Seminar: Effective Risk Management in Aircraft Leasing and Aviation Finance (London, United Kingdom - September 18, 2019) - ResearchAndMarkets.com

Retrieved on: 
Wednesday, February 20, 2019

Anyone involved in financing, leasing, operation and supply and management of aviation assets including airlines, lessors, analysts, banks, financiers, manufacturers and lawyers.

Key Points: 
  • Anyone involved in financing, leasing, operation and supply and management of aviation assets including airlines, lessors, analysts, banks, financiers, manufacturers and lawyers.
  • Michael Tan - Consultant in Risk Management, formerly with Standard Chartered Bank
    Ed Hansom - Chief Investment Officer, Sirius Aviation Capital
    Angus Williamson - ex Head of Risk, AWAS
    Michael Dowling - Chief Risk Officer, DAE Capital
    View source version on businesswire.com: https://www.businesswire.com/news/home/20190220005725/en/