Mubadala merges ADAT/SR Technics senior management

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Mubadala Aerospace has formed a single senior executive team for its maintenance subsidiaries, Abu Dhabi Aircraft Technologies (ADAT) and Zurich-based SR Technics, taking a step towards the planned merger of the two companies.

ADAT and SR Technics will remain two standalone entities for the time being, but both will be managed by the latter's chief executive, James Stewart, as group chief executive officer.

Jeremy Chan, the present chief executive of ADAT, has been appointed executive vice-chairman of Mubadala's maintenance, repair and overhaul (MRO) network while Homaid Al Shemmari, aerospace director of the emirate's sovereign wealth fund, will be its chairman.

ADAT's managing director Abdul Khaliq Saeed has been named president for the Middle East and North Africa region while SR Technics' chief operating officer, André Wall, will be president for Europe.

Mubadala's business-development manager Abdulla Mohamed Shadid has been appointed chief commercial officer of the Abu Dhabi-headquartered MRO network while Pierre Steffen, previously Airbus's senior vice-president of China customer services and operations, becomes chief supply chain officer.

Mubadala has been planning to merge ADAT and SR Technics for some time, with Shadid saying in February that "this year [2011] we will work much closer to achieve one global brand".

More recently, Al Shemmari said the question whether to adopt a single brand for the network is a key issue in the integration process, which cannot yet be openly answered.

The integration of the two MRO companies will continue, said Mubadala today.

However, its component and engine financing arm, Sanad Aero Solutions, will remain a standalone company, the wealth fund added.

In being able to finance operators' equipment and spare inventory, Sanad forms a central pillar of Mubadala's global MRO strategy.

The consortium's strengths lie in offering "integrated, value-added" services which go "beyond the traditional MRO business model", said Stewart.

The strategy's goal was to become "a global market force with a unique offering of capabilities, geographic reach and scale", he added.

This would be achieved with "long-term strategic partnerships", such as the cooperation with Hamilton Sundstrand for Boeing 787 component MRO, which was unveiled in July.