MRO EUROPE: Mubadala 'picky' about Asia and North America expansion

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Abu Dhabi's Mubadala Aerospace MRO Network feels in no rush to establish facilities in Asia and North America, although the expansion has been planned for several years.

James Stewart, group chief executive, says that the maintenance provider wants to grow its network to include the two regions in the medium-term. But the MRO group is still looking for appropriate partnership opportunities.

An unspecified number of businesses were evaluated for potential cooperation, but Mubadala then decided against an investment. Stewart says that the company is not interested in takeover opportunities which involve a "major restructuring".

"We are picky and take the [necessary] time," he says. The MRO provider wants to invest in a location where it will stay for 10 to 15 years and avoid making a decision, which might lead to a retreat after a short period. "We will be there for the long-term," he adds.

The move might not necessarily involve setting up MRO facilities with airframe maintenance capability. Given a global overcapacity in airframe MRO, Stewart says that the new sites might only involve component or engine repair shops.

He reports that US carriers have traditionally shown not much interest in the group's integrated component support programmes. But he thinks the market is changing now in light of the consolidation among North American airlines.