{"id":76706,"date":"2024-02-13T00:00:00","date_gmt":"2024-02-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/02\/13\/jordans-joramco-inks-10-year-agreement-with-ryanair-amid-a-regional-mro-boom\/"},"modified":"2024-02-13T00:00:00","modified_gmt":"2024-02-13T00:00:00","slug":"jordans-joramco-inks-10-year-agreement-with-ryanair-amid-a-regional-mro-boom","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/02\/13\/jordans-joramco-inks-10-year-agreement-with-ryanair-amid-a-regional-mro-boom\/","title":{"rendered":"Jordan\u2019s Joramco inks 10-year agreement with Ryanair amid a regional MRO boom"},"content":{"rendered":"

Joramco extends maintenance agreement with Ryanair:<\/strong> Jordan-based Maintenance Repair and Overhaul (MRO) outfit Joramco has extended their aircraft maintenance agreement<\/a> with Ryanair<\/a> to undertake 10 lines of heavy maintenance over the next decade, according to a statement<\/a>. Joramco will facilitate heavy maintenance for Ryanair at their 110k sqm Amman facility and provide greater flexibility for aircraft placement in the winter maintenance season, the statement said. The Irish budget carrier plans to ramp up its fleet to include 800 aircraft.<\/p>\n

This is the latest in a string of similar agreements:<\/strong> Joramco inked an agreement with Emirates<\/a> last November to provide nose-to-tail Boeing 777 maintenance services until the end of 2025, while also expanding an MRO partnership with Gulf Air<\/a> that same month. Joramco also closed an agreement with Philippine Airlines<\/a> and a partnership with Boeing<\/a> for a passenger-to-freight (P2F) conversion line in Amman last year. <\/p>\n

The UAE is also doubling down on MROs: <\/strong>Emirates unveiled plans to establish a<\/a>USD 95 mn MRO engineering facility<\/a> at Dubai World Central last November, allowing the carrier to become entirely self-sufficient in maintenance, repair, and overhaul, and covering its needs into the 2040s. Flydubai also said it would establish a similar USD 190 mn facility<\/a> in Dubai by 2026.<\/p>\n

Why is the region seeing a surge in MRO investments?<\/strong> The Middle East\u2019s MRO market is forecasted to account for 11.5% of global demand between 2024 - 2033, and to surpass China by 2030, according to a report<\/a> released last year by Aviation Week. Middle Eastern aircraft fleets are expected to increase from some 1.76k aircraft in 2024, to 3.29k in 2033, an 87% increase. The larger regional fleet is expected to boost MRO spending by upwards of 66% during the period, Aviation Week said. Rather than outsource these services to external outfits, regional players are investing in their own regional MRO hubs to localize services. <\/p>\n","protected":false},"excerpt":{"rendered":"

The Middle East\u2019s MRO market is projected to grow some 66% over the next 10 years<\/p>\n","protected":false},"author":1,"featured_media":76707,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[177],"tags":[145,39,124,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aviation","tag-aviation","tag-jordan","tag-supply-chains","tag-uae","wpautop","entry"],"acf":{"mongo_id":"b635b36f-9e55-40e2-90d5-0f21d5ebe913","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/980.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Jordan\u2019s 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