Latest news with #Joramco
Zawya
08-08-2025
- Business
- Zawya
Dubai Aerospace Enterprise records $843.6mln revenue for H1
Dubai Aerospace Enterprise (DAE) has reported its financial results for the first half of 2025, with total revenue reaching $843.6 million—an increase from $679.2 million during the same period last year. The company's profit before tax surged to $506.8 million, a substantial rise from $154.3 million, while operating cash flow improved to $659.0 million, compared to $612.4 million in 2024. The adjusted pre-tax profit margin increased to 25.7 per cent, up from 22.7 per cent, and the adjusted pre-tax return on equity rose to 13.3 per cent, up from 11.0 per cent. As of June 30, 2025, the company reported total assets of $16 billion, an increase from $13 billion at the end of 2024. This growth in revenue and profitability reflects additional income from acquired businesses, along with significant savings achieved through debt refinancing and the elimination of duplicative expenses. DAE emphasised that its capital adequacy, funding, and liquidity metrics remain very strong. DAE Engineering continued its strong performance, with Joramco's revenue increasing by 26 per cent to $119 million, and profitability rising by 80 per cent to $39.1 million in the first half of 2025. Firoz Tarapore, Chief Executive Officer of DAE, stated, 'We completed the acquisition of Nordic Aviation Capital on May 07, 2025. This acquisition increased our owned, managed and committed fleet by nearly 50 per cent to approximately 750 aircraft. We have fully integrated the front office functions and are on track to fully integrate all middle- and back-office functions and systems by the end of this quarter." -TradeArabia News Service Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
17-07-2025
- Business
- Zawya
DAE unit to launch aviation training programme in Jordan
Amideast-Jordan has announced the signing of an agreement with Jordan Aircraft Maintenance Company (Joramco), the engineering arm of Dubai Aerospace Industries (DAE), headquartered in Amman, Jordan. Under the deal, Amideast will provide comprehensive training to 60 young people, with a focus on enhancing their proficiency in the basics of English, and developing their interpersonal skills and digital knowledge. The training is supported by Boeing and is being carried out in close collaboration with the Ministry of Youth, reflecting the shared commitment of all stakeholders to supporting and empowering youth, said Amideast-Jordan in a statement. As part of the partnership, Joramco will play a pivotal role, dedicating its extensive professional and technical expertise in the field of maintenance, repair and refurbishment of commercial aircraft to support the aviation jobs programme by reviewing Amideast's training programs and organizing panel discussions that bring together industry experts and professionals. In addition, the company is committed to supporting the professional development of participants by helping them through the recruitment process, while committing tofacilitating and providing direct employment opportunities for graduates of the program within its team. The MoU was recently signed at Joramco's headquarters, by Amideast Country Director Noor Al-Rasheed and Joramco CEO Fraser Corrie. On the important partnership, Joramco CEO Fraser Currie said: "This partnership is a strategic step in our commitment to preparing the next generation of aviation professionals in Jordan. By uniting Amideast's efforts in youth empowerment and development, Joramco's deep expertise and real job opportunities, we are directly contributing to the growth and upgrading of the commercial aircraft maintenance, repair and refurbishment sector in the kingdom." In addition to its main objectives, the MoU paves the way for expanding the horizons of cooperation between Joramco and Amideast, allowing both parties to explore other areas of mutual interest, especially in CSR initiatives and comprehensive workforce development programmes. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Al Bawaba
17-07-2025
- Business
- Al Bawaba
Amideast Partners with Joramco to Support Careers in Aviation Program
Amideast/Jordan has announced the signing a Memorandum of Understanding (MOU) with Joramco, the Amman-based maintenance, repair, and overhaul (MRO) provider and the engineering arm of Dubai Aerospace Enterprise (DAE). This strategic partnership establishes a framework for collaboration under the "Careers in Aviation" program, a vital initiative aimed at empowering Jordanian youth through specialized training and direct engagement with the relevant MoU was formalized by Nour Alrasheed, Country Director of Amideast, and Fraser Currie, Chief Executive Officer of Joramco, taking place on 10th of July, 2025 at Joramco's the partnership, Amideast will provide comprehensive training to 60 youth participants, focusing on essential English language proficiency, critical soft skills, and digital literacy. This training is supported by Boeing and implemented in close cooperation with the Ministry of Youth, highlighting a multi-stakeholder commitment to youth Joramco will play a pivotal role in supporting the "Careers in Aviation" program by sharing its industry expertise, reviewing Amideast's training programs, and facilitating speaker sessions for the participants. Crucially, the MRO company aims to support the participants' career development by assisting in the hiring process, with a strong commitment to facilitating and securing employment of successful program graduates directly within on this significant partnership, Fraser Currie said, 'This partnership marks a cornerstone in our commitment to cultivating the next generation of aviation professionals in Jordan. By combining Amideast's proven expertise in youth development with Joramco's deep industry knowledge and employment opportunities, we are contributing directly to the growth and dynamism of Jordan's MRO sector.' Beyond the immediate scope of the "Careers in Aviation" program, this MOU also lays the groundwork for broader collaboration between Joramco and Amideast, allowing both parties to explore further areas of mutual interest, particularly in corporate social responsibility (CSR) initiatives and comprehensive workforce development programs.
Zawya
16-07-2025
- Business
- Zawya
Amideast partners with Joramco to support Careers in Aviation Program
Amman, Jordan — Amideast/Jordan has announced the signing a Memorandum of Understanding (MOU) with Joramco, the Amman-based maintenance, repair, and overhaul (MRO) provider and the engineering arm of Dubai Aerospace Enterprise (DAE). This strategic partnership establishes a framework for collaboration under the "Careers in Aviation" program, a vital initiative aimed at empowering Jordanian youth through specialized training and direct engagement with the relevant sectors. The MoU was formalized by Nour Alrasheed, Country Director of Amideast, and Fraser Currie, Chief Executive Officer of Joramco, taking place on 10th of July, 2025 at Joramco's headquarters. Under the partnership, Amideast will provide comprehensive training to 60 youth participants, focusing on essential English language proficiency, critical soft skills, and digital literacy. This training is supported by Boeing and implemented in close cooperation with the Ministry of Youth, highlighting a multi-stakeholder commitment to youth empowerment. Meanwhile, Joramco will play a pivotal role in supporting the "Careers in Aviation" program by sharing its industry expertise, reviewing Amideast's training programs, and facilitating speaker sessions for the participants. Crucially, the MRO company aims to support the participants' career development by assisting in the hiring process, with a strong commitment to facilitating and securing employment of successful program graduates directly within Joramco. Commenting on this significant partnership, Fraser Currie said, 'This partnership marks a cornerstone in our commitment to cultivating the next generation of aviation professionals in Jordan. By combining Amideast's proven expertise in youth development with Joramco's deep industry knowledge and employment opportunities, we are contributing directly to the growth and dynamism of Jordan's MRO sector.' Beyond the immediate scope of the "Careers in Aviation" program, this MOU also lays the groundwork for broader collaboration between Joramco and Amideast, allowing both parties to explore further areas of mutual interest, particularly in corporate social responsibility (CSR) initiatives and comprehensive workforce development programs. About Amideast Amideast is a leading American nonprofit organization dedicated to expanding educational and training opportunities in the Middle East and North Africa for over 70 years. About Joramco With more than six decades of experience, Joramco has built a sound track record as a leading independent commercial aircraft maintenance, repair and overhaul (MRO) facility serving a wide range of customers in the Middle East, Europe, South Asia, Africa and the CIS countries, offering services on several aircraft models from the Airbus, Boeing and Embraer fleets. Strategically located at a free zone area in Queen Alia International Airport in Amman-Jordan, Joramco's facility includes 5 hangars that can accommodate up to 22 aircraft with expansion plans currently in progress. Joramco is certified by a number of international regulatory authorities including the European Aviation Safety Agency (EASA), the U.S. Federal Aviation Administration (FAA) and the Jordan's Civil Aviation Regulatory Commission (CARC).
Zawya
15-07-2025
- Business
- Zawya
Registration is Now Open at Joramco Academy Offering a Discount for Early Applicants
Amman, Jordan – Joramco Academy, the educational arm of Joramco, the Amman-based aircraft maintenance, repair, and overhaul (MRO) facility and engineering arm of Dubai Aerospace Enterprise (DAE), is now accepting applications for the Aircraft Maintenance Engineering program for the 2025 academic year. Starting in October, the four-year program offers a hybrid model of education that combines academic learning with practical, hands-on training. Students will complete two years of theoretical coursework followed by two years of practical experience, fully preparing them for careers in aviation maintenance within a real-world environment at Joramco's facilities. Highlighting its commitment to impactful education, Joramco Academy has recently dedicated a Boeing 737 aircraft exclusively for student training. This addition provides students with the valuable opportunity to work on an actual commercial aircraft throughout their studies, further bridging the gap between classroom learning and real-world application. Designed to meet the growing demand for qualified aircraft maintenance professionals both locally and worldwide, the program concludes with internationally recognized certifications, including those issued by the European Union Aviation Safety Agency (EASA) and the Civil Aviation Regulatory Commission (CARC). Graduates of the program are guaranteed employment opportunities at Joramco, providing a direct pathway into the aviation industry. This initiative aligns with the company's long-term vision to invest in human capital and contribute to reducing unemployment in Jordan through strategic upskilling. Further supporting its mission to make world-class education accessible, and as part of its commitment to supporting aspiring aviation professionals, Joramco Academy is offering a discount for early registrants who enroll in the program. Commenting on the launch of the new cohort, Fraser Currie, Chief Executive Officer of Joramco, said, 'Through the Academy, we are preparing future maintenance engineers with technical excellence and exposure to global standards that meet the demands of the aviation sector. At the same time, we are creating a strategic, sustainable talent pipeline that ensures our region remains competitive on a global scale.' Interested students and applicants can learn more about the program by sending an email to academy@ or calling +962 6 445 1445 ext. 702 / 703 or +962 79 750 0712 or following its official social media channels. About Joramco With more than six decades of experience, Joramco has built a sound track record as a leading independent commercial aircraft maintenance, repair and overhaul (MRO) facility serving a wide range of customers in the Middle East, Europe, South Asia, Africa and the CIS countries, offering services on several aircraft models from the Airbus, Boeing and Embraer fleets. Strategically located at a free zone area in Queen Alia International Airport in Amman-Jordan, Joramco's facility includes 5 hangars that can accommodate up to 22 aircraft with expansion plans currently in progress. Joramco is certified by a number of international regulatory authorities including the European Aviation Safety Agency (EASA), the U.S. Federal Aviation Administration (FAA) and the Jordan's Civil Aviation Regulatory Commission (CARC). For more information about Joramco and Joramco Academy, please visit the links below: Joramco Website: Joramco Facebook Page: Joramco LinkedIn Account: Joramco Twitter Account: Joramco Academy Facebook Page: Joramco Academy Instagram Account:
