Saudi Aerospace Engineering Industries (SAEI) is constructing a 12-bay hangar scheduled to open in the first quarter of 2016 that will provide the capacity the MRO needs to grow its third-party maintenance business. By 2017 or 2018, the MRO in Jeddah is hoping to achieve revenue increases of 40% as it sells its services to Middle East and North Africa civil operators, says Ribhi Al-Husseini, director of technical sales and marketing. SAEI, which sold a 30% stake to Saudi company ...
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