DAE maintenance subsidiary Joramco is broadening its reach into the European market following a contract to provide heavy checks on Tui’s Boeing 787 widebodies.
This was part of a slew of new deals for the Amman, Jordan-based company, which also included C checks for Airbus A300 and A330 freighter aircraft operated by Turkish carrier MNG and structural repair work on the A320neos of Saudi low-cost carrier Flyadeal.
The biggest of the three deals is certainly Tui’s, with Joramco building on an existing relationship it had with the German holiday group for 737 and Embraer aircraft maintenance.
Although Joramco described the Tui deal as its first maintenance agreement for Tui 787s, in April it showed an aircraft from the airline arriving at its Amman facility for a C check. Its first C checks on the type were performed for Royal Jordanian in 2019.
“Our experience over the past few years has been a positive one, and we are pleased to be announcing this new agreement, which was carried out with the same superior service that we have come to expect from Joramco,” said Geert Somers, Tui’s director of engineering and maintenance.
Earlier this year another major European carrier, Ryanair, said its Boeing 737s would proceed “nose to tail” through Jordan for heavy maintenance for the next five winters at Joramco.
Under the five-year contract, Ryanair aircraft will occupy up to six heavy maintenance bay slots at Joramco’s Amman, Jordan facility during the five winter seasons.
The deal built on a 2019 agreement between the parties, under which the Dublin-based low-cost carrier booked two lines at Joramco’s facility for heavy checks of its Boeing 737NG aircraft.
Commenting on DAE’s most recent quarterly result, to 30 June, chief executive Firoz Tarapore praised Jormaco’s performance.
“DAE Engineering had another strong quarter, with its Joramco business again achieving record revenue, as well as adding and renewing a number of large maintenance agreements, including with GetJet Airlines, DHL, Ryanair, and Corendon Airlines in the quarter. We look forward to continuing to expand our engineering business.”
DAE’s MRO revenue grew 18% in the first six months of the year versus the prior-year period, with engineering maintenance service revenue rising by $8.2 million to $55 million.
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