Tag: Dubai Aerospace Enterprise (DAE)

Joramco inks new maintenance agreement with LATAM Airlines

Joramco, the Amman-based maintenance, repair, and overhaul (MRO) provider and the engineering arm of Dubai Aerospace Enterprise (DAE), has been awarded a contract to perform Heavy Maintenance for LATAM Airlines, the largest airline in Latin America. The agreement was announced during MRO Americas...

DAE signs new $750 million 5-year unsecured term loan

Dubai Aerospace Enterprise (DAE) Ltd, the global aviation services company, today announced that it has signed an AED 2.75 billion (US$750 million) 5-year unsecured term loan with Emirates NBD Bank P.J.S.C. (“ENBD”). The loan will be used for general corporate purposes and support the future ...

Ryanair extends maintenance agreement with Joramco to 10 maintenance lines

Ryanair has announced an extension to its maintenance agreement with Joramco, the MRO provider based in Jordan and the engineering arm of Dubai Aerospace Enterprise (DAE) Ltd, which will see the airline undertake 10 lines of heavy maintenance for the next 10 years at their MRO facility in Amman, Jor...

Joramco appoints new vice president of supply chain

Joramco, the Amman-based aircraft maintenance, repair, and overhaul (MRO) facility and engineering arm of Dubai Aerospace Enterprise (DAE), has announced Petra Lindemann’s appointment as the new Vice President of Supply Chain. With nearly two decades of experience, Petra is an aviation professi...

Ryanair expands in Amman confirming long-term partnership with Joramco

Ryanair announced its expansion in Amman, confirming the 5-year heavy maintenance agreement with Joramco, the MRO provider based in Jordan and the engineering arm of Dubai Aerospace Enterprise (DAE). This agreement will further extend the partnership and will see the airline utilising up to 6 hea...

Joramco welcomes Thomas Bjorndal as chief commercial officer

Joramco, the Amman-based aircraft maintenance, repair, and overhaul (MRO) facility and engineering arm of Dubai Aerospace Enterprise (DAE), has announce Thomas Bjorndal’s appointment as the company's new Chief Commercial Officer. Mr Bjorndal is an aviation professional with a track record spann...

DAE to acquire order book of 64 Boeing 737 MAX aircraft from CALC

Dubai Aerospace Enterprise (DAE) Ltd today announced that an affiliate had signed a definitive agreement to acquire the rights, interests, and obligations of a portfolio of 64 Boeing 737 MAX aircraft from a wholly-owned subsidiary of China Aircraft Leasing Group Holdings Limited (“CALC”). The...

Joramco to Participate at MRO Middle East 2023

Joramco, the Amman-based MRO provider and the engineering arm of Dubai Aerospace Enterprise (DAE), has announced its participation in MRO Middle East 2023, the Gulf region’s leading annual conference and trade show for commercial aviation maintenance. The two-day event will take place on March ...

DAE acquired 41 aircraft, sold 30 aircraft, and signed 200 lease transactions in 2021

Dubai Aerospace Enterprise (DAE) Ltd today announced its business transactions update for the full year 2021 for its aircraft leasing division, DAE Capital: Business Transactions Update – Full Year 2021: Number of aircraft acquired: 41 (owned: 18; managed: 23) Number of aircraft sold:...

Joramco Appoints New Chief Operating Officer

Joramco, the Amman-based aircraft maintenance, repair and overhaul (MRO) facility and engineering arm of Dubai Aerospace Enterprise (DAE), announced the appointment of Adam Voss as their new Chief Operating Officer (COO) reporting directly to Fraser Currie Joramco’s CEO. Voss has more than 30 y...

Joramco appoints Fraser Currie as Chief Executive Officer

Joramco, the Amman-based maintenance, repair, and overhaul (MRO) provider and the engineering arm of Dubai Aerospace Enterprise (DAE), announced today the appointment of Fraser Currie as its new Chief Executive Officer, effective October 1, 2021. Mr. Currie joined Joramco in April 2018 as Chief C...

DAE announces early retirement of US$488mln of 5.25% senior unsecured notes

Dubai Aerospace Enterprise (DAE) Ltd today announced that it had delivered a notice of early redemption to the holders of the Company’s US$500 million of 5.25% Senior Notes due 2021. The Notes are scheduled to be redeemed on October 15, 2021. The outstanding principal amount of the Notes as ...

Lufthansa Technik Middle East and Joramco sign Memorandum of Understanding

Lufthansa Technik Middle East (LTME) and Joramco, the Amman based MRO and the engineering arm of Dubai Aerospace Enterprise (DAE), have signed an MoU to provide technical expertise and several MRO solutions to Joramco. The agreement will allow Joramco to enhance their in-house capabilities with the...

Joramco Announces New Maintenance Agreement with flydubai

Joramco, the Amman-based MRO and the engineering arm of Dubai Aerospace Enterprise (DAE), has announced that it has entered into a new maintenance agreement with the Dubai-based airline, flydubai. This marks a continuation of the long-term partnership between the two companies. The new agreement ...

DAE substantially completes Boeing 737 MAX 8 transaction with American Airlines

Dubai Aerospace Enterprise (DAE) Ltd. today announced it had substantially completed the agreement with American Airlines signed in the third quarter of 2020 to deliver 18 new Boeing 737 MAX 8 aircraft. Firoz Tarapore, Chief Executive Officer of DAE said: “This transaction reflects our agil...

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