Seven Arab carriers have signed a tentative agreement to cooperate in the MRO sector.
The memorandum of understanding, signed during the Arab Air Carriers Organization annual meeting in Algiers, encompasses Emirates, Qatar Airways, Kuwait Airways, Middle East Airlines, EgyptAir, Saudi Arabian Airlines and Air Algerie.
It will be implemented over the next five years, says AACO secretary general Abdul Wahab Teffaha, after the airlines agreed to create a steering committee to lead the co-operation.
He says the pact comprises a three-phase arrangement.
The first focuses on a lending and buying strategy covering aircraft-on-ground spare parts, and drawing up a list of consumables.
Teffaha says the next phases will concentrate on collective spares management as well as cooperation between maintenance stations, based on particular specialist work.
This agreement follows the completion of a study commissioned to examine synergies in the MRO market.