Mon, Jan 23, 2012
First Such Aircraft Engine MRO Shop In Bahrain To Service JT 8,
CFM 56 Series
The Bahrain Economic Development Board (EDB) said Thursday that
AeroThrust Holdings LLC, USA has formally concluded a joint venture
agreement with Bahraini partners to establish AeroThrust Gulf
Aviation Services W.L.L in Bahrain. This follows a proactive
outreach and consultation process by the EDB to support the
decision to invest in Bahrain, as well as continuing support around
the registration process. The announcement was made Thursday at the
second Bahrain International Airshow, and the Bahrain Civil
Aviation Authority (BCAA) has also declared its support for the
venture.
This joint venture is expected to leverage AeroThrust Holdings
LLC, technical expertise in the aircraft engine MRO services
sector. The company will provide full range of aircraft engine MRO
services for the Pratt & Whitney JT8 (pictured) and CFM
International's CFM 56 series of engines. The facility along with
the test cell is expected to cover 94,000 Sqft. It will be
completely dust free and incorporate the latest climate control
technologies, tools and machinery.
AeroThrust Gulf Aviation Services W.L.L is expected to invest
around USD 20 million over the next 3 years in its facility at
Bahrain.
"Bahrain has a proud heritage in the aviation sector and offers a
strong location and infrastructure from which to do business across
the Gulf region," said Shaikh Mohammed bin Essa Al-Khalifa, Chief
Executive of the EDB. "We have worked closely with AeroThrust
Holdings LLC to provide them with all the necessary support and
this investment is a demonstration of the benefits of locating in
Bahrain. Going forward, we are keen to continue to work together as
they build, staff and grow their operations in the Kingdom."
CFM 56 Engine
Mr. Vijay Arumbakkam, Chairman, AeroThrust Gulf W.L.L, said that
they are keen to service the engine MRO market in the Middle East,
Africa and the Indian Sub Continent. "There are only a few
established aircraft engine service providers in the Middle East
and there is significant potential to assist and provide
incremental value to airline operators that currently use either
Europe or North America as their base for MRO services - in essence
we are bringing a significant portion of the MRO services to their
doorstep here from Bahrain."
Mr. Khalifa Alsada, CEO, AeroThrust Gulf W.L.L, is proud that
Bahrain will have state of art engine MRO Facility. "We see this as
a great opportunity for Bahrain to expand its presence in the
aviation sector. We thank HRH King Hamad Bin Isa Al Khalifa for his
relentless spirit and guidance to establish Bahrain as a leading
investment destination in the Middle East, the EDB for their
outstanding implementation support and the Bahrain Civil Aviation
Authority for their timely assistance with respect to all
certification and regulatory approvals."
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