12-03-2025
Dubai Aerospace Said to Seek Buyer for Aircraft Maintenance Unit
Dubai Aerospace Enterprise Ltd, which is owned by the emirate's sovereign wealth fund, is considering selling its aircraft maintenance division, according to people familiar with the matter.
DAE is working with Morgan Stanley on a potential sale of its 80% stake in the Jordan-based aircraft maintenance, repair and overhaul company Joramco, the people said, asking not to be named as the information is private. Plans are at an early stage and may not result in a deal, the people said.
