New Engine Subsidiary For Mubadala

Mubadala may launch a new engine subsidiary this year, reports Gulf News. Top executives suggest the Abu Dhabi-owned company could start the subsidiary in the third quarter of 2014. The deal follows last week’s agreement with Etihad to sell Mubadala’s MRO arm. Mubadala plans to create the world’s largest non-OEM facilities for Airbus and Boeing aircraft.  

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