14.6 C
New York
Thursday, October 31, 2024

Brazilian Embraer pledges to invest in the aviation sector in Morocco

Brazilian Embraer pledges to invest in the aviation sector in Morocco

A Moroccan source in the sector, who requested to remain anonymous, said that the maintenance, repair and overhaul facility is likely to enhance Embraer’s chances of winning part of a tender to purchase aircraft recently floated by Royal Air Maroc, according to Reuters.

Abdelhamid Adou, CEO of Royal Air Maroc, said at the opening of the Marrakesh exhibition, where the Embraer deal was concluded, that the company intends to quadruple its fleet of aircraft to 200 over the next fourteen years to strengthen its position as an air carrier linking Africa to Europe and the Americas.

Safran, an aircraft engine manufacturing company, signed an agreement with the Moroccan government to build a maintenance, repair and overhaul center worth 130 million euros ($141.14 million).

The Moroccan government has encouraged investment in the country’s air sector in the past few years, hoping to match its success in the automotive industry by establishing centers that shorten supply chains and exchange experiences.

The country has 147 factories for aircraft spare parts, such as high-tech engine components. Its exports achieved a total of $2.2 billion last year and contributed to supplying global manufacturing operations, including… Boeing And Airbus.



Source link

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe

Latest Articles