Mubadala Aerospace Announces Formation of Leadership Team for Global MRO Network
Abu Dhabi, Nov 02nd, 2011 /WAM/ -- Mubadala Aerospace today announces the formation of a senior leadership team for its global Maintenance, Repair and Overhaul/MRO/network, encompassing ADAT in Abu Dhabi and SR Technics, based in Zurich, Switzerland.
While ADAT and SR Technics will continue to remain standalone legal entities, the new structure comes as a response to the changing global aviation service market and is aimed at developing an integrated, value-added offering which goes beyond the traditional MRO business model. It will include technical services, technical training, supply change management and traditional MRO services through its global operational locations across Europe, the Middle East and Asia.
Sanad, Mubadala Aerospace s component and engine financing solutions company, will remain a standalone entity and offers a real differentiator for the Mubadala Aerospace MRO network, supporting increased liquidity for airlines and the Original Equipment Manufacturers /OEMs/. Homaid Al Shemmari will be the Chairman of the Mubadala Aerospace MRO network, Jeremy Chan is appointed Executive Vice Chairman, and James Stewart is appointed Group Chief Executive Officer, leading a highly talented leadership team with long-standing industry experience.
Homaid Al Shemmari, Executive Director of Mubadala Aerospace and Chairman of the Mubadala Aerospace MRO network, commented: "I am confident that under the guidance of James Stewart and the global leadership team, the Mubadala Aerospace MRO network will be at the forefront of serving the industry s evolving needs as we progress with the continuing integration of ADAT and SR Technics and drive the strategy for the next stage of growth."
James Stewart, Group CEO of the Mubadala Aerospace MRO network, said: "The establishment of the global leadership team will position the Mubadala Aerospace MRO network to take us toward our goal of becoming a global market force with a unique offering of capabilities, geographic reach and scale. This will make it stand out in a challenging industry and global market environment, ensuring sustainable growth."
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