MAZ Aviation chairman Mohammed Al-Zeer yesterday unveiled a new group of companies that will bring several specialized services for business and private aircraft to the Middle East by 2011. Under holding company Ajwaa Alalam group are Ajwaa Alalam Aviation Services, which will focus on aircraft and fleet management services; Ajwaa Alalam Technical Company, which will provide aircraft maintenance services; and Ajwaa Alalam Logistics, which will concentrate on parts and logistics support services.
Al-Zeer, who is also chairman of Ajwaa Alalam, said the holding company would be “the operating arm of MAZ Aviation” and that it is owned by MAZ Aviation. “We have committed $300 million to this project with $70 million earmarked for establishing a 10,000-square-meter [100,800-square-foot] maintenance and support center at King Khalid International Airport in Riyadh,” he told a press conference in Dubai.
