GAMCO plans to grow under new banner
Mubadala Development Company has changed the name of its Gulf Aircraft Maintenance (GAMCO) subsidiary to Abu Dhabi Aircraft Technologies.

Mubadala Development Company has changed the name of its Gulf Aircraft Maintenance (GAMCO) subsidiary to Abu Dhabi Aircraft Technologies. The Abu Dhabi government-owned Mubadala (Stand W300) aims to grow its annual revenue from a current $300 million to $800 million by 2012.

Mubadala  plans to invest more than $500 million in its subsidiary over the next five years, making it the cornerstone of its aerospace strategy. CEO Waleed Al Mokharrab said the rapid UAE and Middle East fleet expansion has driven the growth. “We will leverage Abu Dhabi’s premier geographic location at the heart of this growth to cater to regional, European and Asian customers,” he said.

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