Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) has signed a Memorandum of Understanding (MOU) with Aviatic MRO UAB for strategic cooperation in establishing an aircraft maintenance center at Lithuania's Siauliai Airport. The new site will provide aircraft maintenance and overhaul services, the conversion of B737NG passenger airplanes into cargo configuration, and the training, certification, and licensing of personnel. Aviatic will run the maintenance center and will support the interaction with the Lithuanian regulators, including planning and infrastructure development. RELATED ARTICLES IAI teams with Matrix on AI target detection IAI unveils electro-optical surveillance system Israel Aerospace unveils wide-area surveillance system Israel Aerospace wins loitering munitions deals worth $100m The Aviatic MRO center will begin operations in 2022 in an innovative hangar that will allow the performance of all MRO jobs, from its inception. IAI EVP and Aviation Group general manager Yossi Melamed said, "IAI is a long-standing player in the aircraft maintenance category with an excellent reputation accumulated over many years. The new center will create a professional and commercial anchor for aircraft maintenance in Lithuania. It is strategically located near some of the busiest air transport hubs in the world. Signing the collaboration MOU with Aviatic at a time the aviation market is experiencing the consequences of the COVID-19 pandemic testifies to IAI’s aviation expertise and the strong confidence our worldwide customers have in us." Aviatic MRO board member Dmitrij Cheliadin added, "We are glad that IAI has trusted the high-quality specialists, strategically convenient location of Siauliai International Airport and prospects of future growth - the features we offer at Aviatic MRO. This is a big achievement to Lithuania’s sector of aviation and a special acknowledgement of the effort we have already dedicated to this project and can only hope that this partnership will only grow stronger in the near future. In the meantime, we are preparing the needed infrastructure at SQQ." Published by Globes, Israel business news - en.globes.co.il - on March 18, 2021 © Copyright of Globes Publisher Itonut (1983) Ltd. 2021
