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Joramco rewards employees up to 12 weeks bonuses
Joramco rewards employees up to 12 weeks bonuses

Zawya

time03-06-2025

  • Business
  • Zawya

Joramco rewards employees up to 12 weeks bonuses

Amman, Jordan ­— Joramco, the Amman-based aircraft maintenance, repair, and overhaul (MRO) provider and engineering arm of Dubai Aerospace Enterprise (DAE), will pay up to 12 weeks bonus to eligible employees, marking the company's most substantial bonus to date. The bonus distribution is the result of record-breaking financial and operational performance for 2024 and the first half of 2025, with the highest-ever year-on-year profit and growth recorded. Commenting on the occasion, Fraser Currie, Chief Executive Officer of Joramco, said, 'It has been a record-breaking year for Joramco, and it's a moment of significant pride for all of us. These results are a direct reflection of our employees' hard work, loyalty, and commitment. At Joramco, we believe that when the company succeeds, our people should share that success. Our industry-leading bonuses are not just a reward, but a reflection of our people-first values and a sincere thank you to those who made this achievement possible.' Joramco continues to build on this strong performance with significant investments in hangar capacity, technical capabilities, and service offerings. 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: Jormaco Website: Joramco Facebook Page: Joramco LinkedIn Account: Joramco Twitter Account: Joramco Academy Facebook Page: Joramco Academy Instagram Account:

Joramco Academy welcomes TVSDC President Dr. Raghda Al-Faouri for an official visit
Joramco Academy welcomes TVSDC President Dr. Raghda Al-Faouri for an official visit

Zawya

time01-06-2025

  • Business
  • Zawya

Joramco Academy welcomes TVSDC President Dr. Raghda Al-Faouri for an official visit

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), was honored with an official visit from Dr. Raghda Al-Faouri, President of the Technical and Vocational Skills Development Commission (TVSDC), accompanied by a senior delegation. This visit highlighted the success of the collaboration between the academy and TVSDC, which aims to advance vocational training and provide new opportunities for young Jordanians in the field of aircraft maintenance Last year, the TVSDC signed a partnership agreement with Joramco Academy to sponsor the tuition of select promising students for the four-year program in Aircraft Maintenance for Technicians, after which the graduates of the program are guaranteed employment at the company. This agreement highlighted the strategic goals of the TVSDC in developing the skills of talented youth and upskilling them for highly demanded roles through vocational and technical education. During the visit, the delegation met with representatives from Joramco and Joramco Academy as well as the sponsored students. These students shared their personal experiences at the academy, highlighting the tangible impact of the partnership. Dr. Raghda reviewed the academic performance of these students, ensuring their smooth progress and evaluating the positive outcomes of this collaboration. In addition, the visit included a tour of the Joramco Academy premises, as well as the facilities of Joramco. This partnership serves as a model for how strategic alliances can equip Jordanian youth with the skills needed to thrive in high-demand, global industries like aviation. Commenting on the visit, Fraser Currie, Chief Executive Officer at Joramco, said, 'At Joramco Academy, we are firm believers in the value of education that is aligned with industry and its needs in shaping successful career paths. The vocational and technical education help us toward our goals of supporting young talents and decreasing unemployment rates in Jordan.' Dr. Al-Faouri further added, 'This partnership is a reflection of a shared vision between TVSDC and Joramco Academy to equip Jordanian youth with specialized skills that meet global industry needs. By working together, we are laying the groundwork for sustainable career pathways and positioning our youth to access opportunities not just in Jordan, but in the global aviation market.' 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:

Joramco expands MRO capabilities to include the Embraer E2 aircraft
Joramco expands MRO capabilities to include the Embraer E2 aircraft

Zawya

time01-06-2025

  • Business
  • Zawya

Joramco expands MRO capabilities to include the Embraer E2 aircraft

Amman, Jordan — Joramco, the Amman-based aircraft maintenance, repair, and overhaul (MRO) provider and engineering arm of Dubai Aerospace Enterprise (DAE), has received the approval from the Civil Aviation Regulatory Commission (CARC) to perform line and base maintenance checks on the Embraer ERJ-190 series powered by PW1900G engine. This addition marks a significant milestone in Joramco's strategy to expand its capabilities in line with evolving aircraft technologies and market needs. As part of the capability addition process, Joramco invested in specialized theoretical and practical training. The theoretical type training was delivered on-site at Joramco's facility by Embraer instructors, providing tailored instruction aligned with Joramco's procedures, while the practical type training was conducted by Embraer at its dedicated training facilities in Brazil, where Joramco's staff gained hands-on experience with E2 aircraft under OEM supervision. Commenting on the announcement, Fraser Currie, Chief Executive Officer of Joramco, said: 'Introducing the Embraer E2 to our capabilities is a strategic step aligned with our long-term roadmap and in support to Jordan's national flag carrier, Royal Jordanian. This milestone reinforces our commitment to supporting the needs of our customers and expanding our ability to serve a broader range of modern fleets.' 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:

Winding up of aviation firm puts aircraft owners in a dilemma
Winding up of aviation firm puts aircraft owners in a dilemma

Free Malaysia Today

time17-05-2025

  • Business
  • Free Malaysia Today

Winding up of aviation firm puts aircraft owners in a dilemma

Owners of aircraft serviced by Systematic Aviation Services Sdn Bhd pay thousands of ringgit every two weeks for maintenance despite being unable to use their aircraft. PETALING JAYA : Owners of aircraft maintained by Systematic Aviation Services Sdn Bhd (SAS), which has now been wound up by the High Court, are in a dilemma as they may not be able to use them for at least a year. A source said with SAS's licences as an Aircraft Maintenance Organisation (AMO) and Continuing Airworthiness Management Organisation (CAMO) revoked, the owners must wait for approval from the Civil Aviation Authority of Malaysia (CAAM) to transfer their aircraft to another AMO. He told FMT that the procedure may take too long as aviation regulations pertaining to 'freeing' the aircraft from SAS are tight, adding that the delay may take longer if this was a new experience for the national air regulator. 'The process normally may take about six months to a year. But it could be even longer if the aircraft's maintenance records are not up to date,' he said, adding that there could be more than five aircraft facing this problem. In the meantime, the source said the owners have to carry out some form of maintenance every two weeks to make sure the aircraft are serviceable and their parts function well. 'The owners have to spend a few thousand ringgit each time they do this. They have to hire a pilot and aircraft engineers and pay for the aviation fuel whilst not being able to use the aircraft. 'A new organisation cannot simply take over the maintenance due to strict formalities to be followed,' the source said. The source said CAAM should engage aircraft owners immediately to resolve the impasse. 'The aviation regulator has the power to come up with fresh authorisations and exceptions to allow the owners to start operating their aircraft again,' he added. In March, the Shah Alam High Court allowed a winding-up petition against the charter airline company by an Australian creditor Asia Pacific Aerospace Pty Ltd. Judicial commissioner Raja Rozela Raja Toran ordered SAS to be wound up in accordance with Section 465 (1)(e) and (h) of the Companies Act 2016. The section allows for a company's winding up if it is unable to settle its debt or if the court deems it just and equitable to do so. It is understood that the winding up affairs of the company are presently handled by the Selangor insolvency department. Meanwhile, a spokesperson for workers who have lost their jobs hopes the liquidation process will be sped up so that they receive all the monies owed to them as they are struggling to make ends meet. 'Many have had their cars repossessed while a few are also facing the prospects of their houses being auctioned after defaulting on their monthly instalments. 'The non-settlement of EPF deductions by the company amounts to at least RM10 million. Can you imagine the compounded dividends we would have lost?' he said. FMT has reached out to CAAM for comment.

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