Jordan-based Joramco has signed a memorandum of understanding (MOU) with Sharjah’s VD Gulf to expand their existing capabilities in aviation maintenance, repair and overhaul (MRO).

The two companies have agreed to work together to encourage sustainable development in both organisations.

"We are excited to work hand in hand with VD Gulf to extend our support and commitment to our valued customers across the globe. This successful collaboration shows that Joramco and VD Gulf are both trusted MRO companies and will form the future of the MRO industry in the region to adapt to customers’ needs,” Joramco CEO Jeff Wilkinson said.

Mikhail Khoroshaev, executive president VDT and accountable manager, VD Gulf said: “As we enter a new era following the COVID-19 pandemic, it is prudent that MROs across the globe endeavor to work jointly as witnessed in other industries. With their complimentary resources, such cooperation will open new frontiers globally for the two MROs.”

DAE had its outlook revised from negative to stable earlier this month by ratings agency Moody’s.

(Reporting by Imogen Lillywhite; editing by Seban Scaria)

(imogen.lillywhite@refinitiv.com )

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