Abu Dhabi’s governmental investment vehicle Mubadala has detailed ambitious plans to rename and revamp Gulf Aircraft Maintenance (Gamco) after acquiring the entire share capital of the company.

Mubadala is renaming the company as Abu Dhabi Aircraft Technologies and intends to increase its turnover from $300 million to $800 million by 2012.

It plans to invest over $500 million in the next five years, mainly in facilities, to help establish the firm as a strong aircraft maintenance operation and a “top-tier total-care provider”.

New facilities will include a heavy maintenance hangar to handle three Boeing 777s. A second

This entry was posted on Tuesday, November 6th, 2007 at 4:01 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.