• Sanad and Triumph Group signed an MoU to collaborate on the provision of next-generation engine MRO capabilities in the UAE

Abu Dhabi, United Arab Emirates: The sixth edition of the Global Aerospace Summit 2022, hosted by Mubadala, has been a key platform for the signing of partnerships and collaboration agreements among leading organizations across the aerospace, aviation, space and defence sectors. 

During the summit, LeoLabs, announced a multi-million dollar award to provide data and services for the Japan Air Self Defense Force (JASDF). LeoLabs will deliver its LEO data and services platform and a full set of training to empower JASDF operators to utilize a range of data and tools, including tracking and monitoring, collision avoidance among other services.

Sanad and Triumph Group also signed a memorandum of understanding (MOU) outlining their plans to collaborate on the provision of next-generation engine Maintenance, Repair and Overhaul (MRO) capabilities in the United Arab Emirates (UAE). This agreement between both parties aims to collaborate to provide critical MRO solutions for multiple engine types for aerospace and aviation industry operators across the Middle East and Africa (MEA) region. The parties also intend to jointly provide MRO solutions for V2500, CFM and GE90 engine accessory repairs and overhauls.

During day two, Eytan Eshel, Chief Technology Officer at Israel Aerospace Industries highlighted the importance of collaborating with key stakeholders to regulate advanced technologies in the aviation sector. This includes AI and autonomous technologies that can be used in aviation marking the impact of using single pilot solutions to enhance efficiency and reduce costs in operations.

James Hogan, Chairman of Knighthood Capital spoke about the future of aviation and said: “The global pandemic has been the biggest systemic shock in the history of aviation, but that does give a unique opportunity for airlines that can move fast to respond to the situation. Smart operators will treat this as a ‘blank sheet of paper’ moment, looking to reinvent processes, products and mind-sets.  There is a huge opportunity in front of us for airlines to create a golden age of innovation and service.

Hogan add that the airlines that use these levers will be the winners of the coming decades.  “Make no mistake: aviation is a hugely resilient industry and will recover from this systemic shock as it always has before.  In previous recoveries – from 9/11, SARS and so on – there have always been winners that used the crisis to surge ahead.  We’re about to see those winners emerge this time – and they will be the airlines that take advantage of the blank sheet of paper moment.”

Roberto Sabatini, Professor of Aerospace Engineering at Khalifa University of Science and Technology stressed on the need for governments, industry leaders and academia to work together on integrating digital transformation and sustainability in their business models. Roberto highlighted the role of these advanced technologies on our day to day lives and how it can enhance operations, experiences and services in the aviation and aerospace industry.

This edition of the Summit is the first in-person edition of the Summit since the 2018 edition, welcoming around 1,000 C-level leaders, experts and specialists from across the aviation, aerospace, space and defence sectors.

The interactive Summit programme is designed to foster collaboration, encourage partnerships and provide bold, disruptive solutions. In addition, the 2022 event added new elements such as a dedicated start-up mentorship clinic lead by Aerospace Xelerated, and technology leadership briefings, focused on implementation of technology in the aerospace sector.

-Ends-

The Global Aerospace Summit 2022

The Global Aerospace Summit, hosted by Mubadala Investment Company, gathers C-Level leaders to build the future of the aerospace sector through technology, capability development and international partnerships.

For more information, please visit - http://www.aerospacesummit.com.

About Mubadala Investment Company

Mubadala Investment Company actively manages a worldwide portfolio supporting the vision of a globally integrated and diversified economy, through sustainable returns to its shareholder, the Government of Abu Dhabi. In March 2018, Abu Dhabi Investment Council (ADIC) joined the Group.

Mubadala’s AED 841 billion (US $229 billion) portfolio spans five continents with interests in aerospace, ICT, semiconductors, metals and mining, renewable energy, oil and gas, petrochemicals, utilities, healthcare, real estate, pharmaceuticals and medical technology, agribusiness and a global portfolio of financial holdings. Mubadala now has offices in Rio de Janeiro, Hong Kong, Moscow, New York and San Francisco.

Mubadala is a trusted partner, an engaged shareholder and a responsible global company that is committed to ethics and world-class standards.

For more information about Mubadala, please visit: www.mubadala.com

Tarsus Aerospace  

Tarsus Aerospace is one of the most influential names in the aerospace industry's events sector, and which launched the very first Dubai Airshow in 1989, in conjunction with Dubai Civil Aviation Authority, Dubai Airports and the UAE Armed Forces. Covering all aerospace-related events in the Tarsus portfolio, Tarsus Aerospace has a long-standing relationship with the global aerospace industry, an in-depth knowledge of the market and a hard-earned reputation for delivering event excellence. Tarsus Aerospace maintains offices in Dubai and London.

Events organised by Tarsus Aerospace include Dubai Airshow www.dubaiairshow.aero, Aircraft Interiors Middle East www.aime.aero, MRO Middle East www.mromiddleeast.aviationweek.com, and MEBAA Show www.mebaa.aero.

For more information, please contact:
Mohaned Lafi
Director, Corporate and Business - Four Communications Group
gas@fourcommunications.com