Joramco, the aircraft maintenance, repair, and overhaul (MRO) facility based in Amman, Jordan, has signed a framework agreement with TIM Aerospace, an independent start-up MRO company located in Dubai World Central (DWC). This partnership was announced during the MRO South Asia 2025 event in New Delhi, India, and aims to enhance cooperation between the two...
Dubai Aerospace Enterprise Ltd (DAE), owned by Dubai’s sovereign wealth fund, is contemplating the sale of its aircraft maintenance division. The company is reportedly working with Morgan Stanley to explore the potential sale of its 80% stake in Jordan-based aircraft maintenance, repair, and overhaul firm Joramco. DAE acquired this 80% stake in 2016 from the...