Abu Dhabi Aircraft Technologies (ADAT) will take a central role in maintaining General Electric engines–including those ordered by Etihad Airways here at the Paris Air Show on Tuesday. ADAT, which is part of the Mubadala group, has also entered into an agreement with International Aero Engines (IAE) to become the first IAE-approved shop for V2500-A5 and V2500 SelectOne engines. Under the agreement, IAE will support ADAT to establish repair and overhaul capability at its Abu Dhabi base by 2011.
Last year GE and Mubadala formed a broad strategic partnership covering areas such as commercial finance, clean-energy research, plus development and training. This was followed by the establishment of an $8 billion commercial finance company and a “leadership and development center.” Mubadala also took a 0.62-percent stake in GE “in line with its commitment to become a top-ten shareholder.”
