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ROLLS-ROYCE AND ABU DHABI′S MUBADALA LAUNCH NEW AVIATION JOINT VENTURE.pdf

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ROLLS-ROYCE AND ABU DHABI′S MUBADALA LAUNCH NEW AVIATION JOINT VENTURE

ROLLS-ROYCE AND ABU DHABI’S MUBADALA LAUNCH NEW AVIATION JOINT VENTURE Farnborough – 15 July 2008 – Rolls-Royce and Mubadala Development Company (Mubadala), the business development and investment company located in Abu Dhabi, the capital of the United Arab Emirates, today announced the launch of a new joint venture company to serve the rapidly-expanding Middle East aviation services market. The new joint venture will offer On-Wing Care through Abu Dhabi Aircraft Technologies (ADAT) which is the 12th largest maintenance, repair and overhaul company in the world. Services will include provision for a wide range of specialist line maintenance support services from boroscoping to engine changes for Rolls-Royce Trent family operators in the region. In addition, it will also launch a new service to provide asset management services for engine system accessories. The new company joins a worldwide network of centres which can offer specialised support services at the closest point of operation for Rolls-Royce customers. “Our partnerships with world-class companies like Rolls-Royce are solidifying the creation of Abu Dhabi’s aerospace hub. Specifically, this joint venture will attract knowledge-intensive industries to Abu Dhabi,” said Homaid Al Shemmari, Director of Mubadala Aerospace. Miles Cowdry, President - Services, at Rolls-Royce said: “The Middle East is a rapidly-growing market, and the United Arab Emirates presents a major hub for airlines and aerospace activities within the region. “The launch of this joint venture in Abu Dhabi extends our existing presence and close partnership with Mubadala. On- Wing Care and the launch of the line replacement units leasing pool form a valuable operational support to our customers and are part of our comprehensive, global service strategy.” There are On-Wing Care service centres in London, Hong Kong, Frankfurt, Indianapolis and Singapore. The centre in Abu Dhabi will predominantly support the growing Trent