Dubai World Central Aviation City, home to the largest maintenance, repair and overhaul (MRO) centre in the world, has signed a deal with UAE-based Majestic Wings Private Airplane Charter to set up the project's second fixed-base operations (FBO) facility with an investment of Dh200 million.
The contract was signed on the sidelines of the Aircraft Interiors Middle East (Aime) 2008 show being held at the Dubai International Exhibition and Convention Centre by Abdulla Al Qurashi, CEO, DWC Aviation City and Ahmed Hassan Ahmed Al Housani, CEO, Majestic Wings.
The 79,000 sqft facility, which will cater to the jet aviation support services industry will be built within Dubai World Central – the 140 sqkm urban land project centred around Al Maktoum International Airport, set to be the world's largest on completion.
Under the agreement, Majestic Wings will build its own facilities to offer the full range of FBO services with a focus on business jets.
"The Middle East FBO and maintenance, repair and overhaul (MRO) market is growing at nine per cent annually and aviation service providers are experiencing a distinct lack of world-class aviation infrastructure facilities in the region," said Abdulla Al Qurashi, CEO, DWC Aviation City.
"DWC Aviation City is preparing a full range of aviation services infrastructure and with companies such as Majestic Wings signing up with high-value investments, the DWC project is an answer to the industry's growing demands," Qurashi said.
Majestic Wings will own two Gulfstream G200 aircraft, which will be sub-leased for use by corporates for business trips, freight transport and special large group-flights. Al Qurashi said: "Any company applying to DWC Aviation City undergoes in-depth scrutiny and well-rounded analysis in terms of its business plan, its planned operation and as to how it fits to the project's master plan. Majestic Wings will offer executive services that are somehow new to the region though growing worldwide."
DWC Aviation City is a unique concept to establish a complete aviation cluster in one area to cater to the region's aviation growth, strategically located to offer clients access to emerging markets and servicing the regional market.