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Sat 8 Jul 2017 09:38 AM

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Dubai's DAE says Joramco CEO submits resignation

Osama Fattaleh to leave aircraft maintenance firm just months after DAE acquired 80% stake

Dubai's DAE says Joramco CEO submits resignation

The CEO of Jordan Aircraft Maintenance Limited (Joramco) has submitted his resignation just months after the company was acquired by Dubai Aerospace Enterprise (DAE).

DAE announced on Monday that Osama Fattaleh, CEO of Joramco, is leaving to "pursue his interests outside the industry".

His permanent replacement will be announced in due course and Amjad Korshlow, chief financial officer of Joramco will serve as acting CEO in the interim.

Khalifa H AlDaboos, Joramco chairman and DAE managing director, said: “Mr Fattaleh played a key role in stabilizing Joramco’s performance during his tenure at the company. We wish him well in his future endeavors.

"In the meantime, Joramco is well served by a deep management team that is fully committed to providing world-class products and services to our clients. We look forward to the next chapter of Joramco’s growth under new leadership from within the industry,”

DAE completed the acquisition of 80 percent of Joramco from The Abraaj Group last September.

Established in 1963, Joramco operates as a commercial aircraft maintenance, repair and overhaul (MRO) facility serving a wide range of customers in the Middle East, Europe, South Asia, Africa, Russia and the CIS countries.

From its base in Queen Alia International Airport in Amman, Joramco offers services on several aircraft models manufactured by Airbus, Boeing and Embraer.

Joramco is certified by a number of regulatory authorities which include the Jordan Civil Aviation Regulatory Commission (JCARC), the US Federal Aviation Administration (FAA), the European Aviation Safety Agency (EASA), and the UAE General Civil Aviation Authority (GCAA).

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