Posted inInvestment Watch

Falcon Aviation to invest USD 100 mn into its MRO facilities at Dubai’s Al Maktoum International Airport

Falcon to invest USD 100 mn to upgrade its MRO facilities in Dubai: Alex Group Investment’s aviation solution subsidiary Falcon Aviation will plug nearly USD 100 mn (c. AED 367 mn) over the next five years into upgrading its Maintenance, Repair and Overhaul (MRO) facilities at Dubai’s Al Maktoum International Airport, according to a statement.

The facility: Falcon Aviation’s existing MRO facility — spanning some 13.7k sqm — is located at Dubai’s Mohammed Bin Rashid Aerospace Hub. The facility is capable of servicing a wide range of narrow-body and wide-body carriers, as big as the Airbus A380 and including Embraer and the Bombardier Challenger. The firm was granted approval to offer its MRO services in the UAE by the General Civil Aviation Authority (GCAA) last year.

UAE’s been getting a lot of MRO attention: Mohammed Bin Rashid Aerospace Hub (MBRAH), Liebherr-Aerospace, Flydubai and Etihad Engineering all had a streak of MRO agreements at MRO Middle East in Dubai last month. MBRAH also secured two agreements to establish MRO facilities in Dubai South back in October — the first was with the France-based aerospace and transport firm Liebherr-Aerospace and the other with International Energy Resources MRO Industries. Sanad — Mubadala’s Abu Dhabi-based aerospace engineering and leasing subsidiary — also partnered with Emirati Military MRO provider Ammroc to expand its MRO operations in UAE’s Al Ain last month.