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Sun 1 Apr 2007 01:11 PM

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Air Arabia forms maintenance partnership

Air Arabia has formed a partnership with Hong Kong Aircraft Engineering Company (HAECO) to handle the airline's engineering and maintenance requirements.

Air Arabia has formed a partnership with Hong Kong Aircraft Engineering Company (HAECO) to handle the airline's engineering and maintenance requirements.

The two companies have created a joint venture, which will be based in Sharjah and trade under the name HAECO Sharjah Aircraft Maintenance Company (HS-AECO).

"This venture agreement represents another significant step forward in the ongoing upgrade of services at Sharjah Airport generally and of Air Arabia in particular," said Sheikh Abdullah Bin Mohammed Al Thani, chairman, Air Arabia. "We are very pleased to partner with HAECO, a global leader in aeronautical engineering, and to be able to offer state-of-the-art maintenance services from our global hub in Sharjah."

The venture complements Air Arabia's long-term fleet expansion programme, with plans to have 34 aircraft by 2016. It also provides HAECO with inroads into the increasingly lucrative Middle East market.

"I am delighted that this joint venture with Air Arabia provides us with a unique opportunity to position ourselves in the Middle East, one of the world's most vibrant aviation regions. This agreement is very much in line with our expansion plans and strategy," said PK Chan, the company's deputy chairman and CEO.

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