Royal Air Maroc and Air France Industries Sign Share Holder Agreement

PARIS, FRANCE — Royal Air Maroc and Air France Industries signed a share holder agreement to create a Joint Venture MRO platform at Casablanca Mohammed V International Airport. The Joint Venture (JV) will be owned 50/50 by both companies and be managed jointly.

The coming JV will strengthen the positions of Air France Industries and Royal Air Maroc in the European & African market by providing a dedicated MRO service to support A320 Family airframes. The business development will be supported by the Air France Industries – KLM E&M sales force. The platform will have two bays to handle medium-haul aircraft.

"Royal Air Maroc is honored to combine its capabilities with Air France Industries," says Driss Benhima, Chairman & CEO, Royal Air Maroc. "The mutual trust achieved between us over the past ten years and long term relationship are a definitive assets for the success of this JV. Furthermore, our common view of the market and the potential of each company will allow us to meet airframe customer requirements."

"Air France Industries is proud to join forces with Royal Air Maroc and to target new challenges together," says Alain Bassil, President, Air France Industries. "We are convinced that our existing customers as well as several additional A320 operators will benefit from the proximity of the new competitive world class JV based at Casablanca Mohammed V Airport to develop closer relationships and new opportunities with us."